Sky Gold and Diamonds gets nod to acquire wholly owned subsidiary in Dubai
The acquisition is expected to be completed within 2 to 3 months
Sky Gold and Diamonds’ board has approved acquisition of wholly owned subsidiary of the company in Dubai (UAE) to strengthen its exports to the Middle East. Since the company's incorporation process was time-consuming, the company's Board of Directors decided to acquire a newly incorporated entity as a wholly owned subsidiary. The acquisition is expected to be completed within 2 to 3 months.
The objective behind the acquisition is to look for business opportunities to promote and develop the company’s products throughout the Middle East. Also, the company aims to facilitate communication between the company and local clients in the Middle East through this acquisition.
Sky Gold and Diamonds (formerly known as Sky Gold) is engaged in the business of designing, manufacturing and marketing of gold jewelleries since its incorporation.
