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Shanti Gold Invests ’8.83 Crore in Ratnaveer Precision Engineering, Boosting Market Attention
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Moneycontrol•30-09-2026, 13:24
Shanti Gold Invests ’8.83 Crore in Ratnaveer Precision Engineering, Boosting Market Attention
- •Shanti Gold International Limited invested ’8.83 crore to acquire 2,65,000 equity shares in Ratnaveer Precision Engineering Limited at an average price of ’333.33 per share.
- •This acquisition introduces a new listed corporate shareholder to Ratnaveer, holding approximately 0.37% of the paid-up equity share capital.
- •The investment highlights Ratnaveer's expanding operations, diverse industrial base, and continued growth in manufacturing, enhancing its profile among corporate investors.
- •Ratnaveer reported significant revenue growth, with a turnover of ’1,068.74 crore and a Profit After Tax of ’64.31 crore in FY2025-26.
- •The company is expanding into new growth avenues, including a Copper Clad Laminates (CCL) project in Gujarat, diversifying beyond its core stainless steel business into electronics and advanced manufacturing.
Key Questions Answered
Shanti Gold International Limited invested ₹8.83 crore to acquire 2,65,000 equity shares in Ratnaveer Precision Engineering Limited through a secondary market purchase on September 25, 2026.
Following the transaction, Shanti Gold International holds approximately 0.37% of the paid-up equity share capital of Ratnaveer Precision Engineering.
Ratnaveer reported a turnover of ₹595.38 crore in FY2023-24, ₹891.88 crore in FY2024-25, and ₹1,068.74 crore in FY2025-26, alongside a Profit After Tax of ₹64.31 crore for FY2025-26.
