Share Purchase Agreement executed to acquire 100% of Tilak Jewels Limited
Executed a Share Purchase Agreement to acquire 100% of Tilak Jewels Limited, making it a wholly owned subsidiary.
By ScoutQuest · · 1 min read
- Target Company
- Tilak Jewels Limited
- Shareholding Acquired
- 100%
- Consideration
- Rs. 1 per share in cash
- Completion Timeline
- Within 15 days
- Target Business
- Commodity trading
What was announced
Tilak Ventures has executed a Share Purchase Agreement (SPA) to acquire 100% of the equity shareholding of Tilak Jewels Limited, based in Andheri, Mumbai. On completion, the target becomes a wholly owned subsidiary.
Deal terms
- Nature of consideration: cash
- Price: Rs. 1 per share
- Shareholding/control acquired: 100%
- Indicative time period for completion: Within 15 days
- Governmental or regulatory approvals: Not Applicable
About the target
Tilak Jewels Limited operates in commodity trading. Date of incorporation is 01st August, 2026, and its presence is in India. Turnover for the last 3 financial years is stated as not applicable.
Related party angle
The company has stated that the acquisition falls within related party transaction(s), as there is a common director in Tilak Ventures Limited and Tilak Jewels Limited.
Stated rationale
The acquisition is aimed at expanding the company's business portfolio and enabling it to leverage potential synergies, business opportunities and growth prospects arising from the target entity's operations.
What investors may watch
- Completion of the acquisition within the indicated timeline
- How a newly incorporated commodity trading subsidiary contributes to consolidated operations
- Disclosures around the related party nature of the transaction
Also from Tilak Ventures
Board meeting on 27 October 2026 to consider and approve proposed Scheme of Arrangement
16 Oct 2026
Shareholders approve Secretarial Auditor appointment for 5 years and re-appointment of Independent Director
24 Sep 2026
Board approves investment in 100% equity of Tilak Jewels, to become wholly owned subsidiary
24 Sep 2026
More numbers
- Shareholding acquired100%
- Price per shareRs. 1 per share
- Indicative completion periodWithin 15 days
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