AJC Jewel manufacturers to acquire 80% stake in UAE Jewellery Unit for Rs 9.60 Crore via Share Swap
Sep 05, 2026
Malappuram (Kerala) [India], September 5: AJC Jewel Manufacturers Ltd (BSE: 544425) said its Board of Directors has approved the acquisition of an 80 per cent stake in AJC Jewel Manufacturers (FZC), its Sharjah-based UAE arm, for Rs 9.60 crore. The transaction will be carried out entirely through a non-cash share swap, and the Sharjah entity is expected to become a subsidiary of the company on Completion.