Latest News
-
Penny Stock Below Rs 50 Announces Major Update On 6:11 Bonus Shares; Bet? -
Indian Rupee Hits Record Low Amid Middle East Concerns And Fed Rate Speculations -
Gold Rates In UAE: Huge Jump Of Nearly Rs 1,000 In 24-Carat Yellow Metal In Dubai; WHY? -
Nykaa’s Co-founder Adwaita Nayar Named Young Global Leader In WEF’s Class Of 2024 -
2:5 Bonus: Buy Auto Ancillaries Stock Amid Growing Buying Interest, TP Rs 140: Dividend Soon -
6000% Returns In 3 Years: This Multibagger Penny Metal Stock Soars 140% In 12 Months, Hits Record High -
ONGC Stocks Rises 4% On Amid Tensions In Middle East Oil Markets -
2:1 Bonus: Energy Stock Hits 5% Upper Circuit Ahead Of Dividend Recommendations For FY24, Up 509% From Lows -
Gold Price Chennai, April 15: Yellow Metal Prices Jump, Check 22K, 24K Cost -
RIL Arm Jio Financial Services Stock Soars 5% On JV Announcement With BlackRock; Details Here
Rajesh Exports Acquires Valcambi - World’s Largest Gold Refinery
Rajesh Exports on Monday said that the company through it's wholly owned subsidiary in Singapore has fully acquired European Gold Refineries.
It has acquired 100% holding company of Valcambi in an all cash deal with a total investment of USD 400 Million, the company said in the press release.
share price details and financials
Grant Thorton assisted Rajesh Exports in due diligence and Credit Suisse is part financing the acquisition through a long term debt.
Commenting on the acquisition, Mr. Rajesh Mehta, Chairman, Rajesh Exports said " This is a historic moment for REL and for the global gold business. The coming together of REL and Valcambi would expand the global gold business and would prove very productive for the future global plans of REL group.
Shares of the Rajesh Exports was seen trading at Rs 546, higher by Rs 17.05 or 3.22 per cent on BSE at 11.37 AM IST. It touched an intra-day high of Rs 549 during the trade.
GoodReturns.in
