Nova Global sold 4,64,804 shares of Shanti Gold International Limited for ₹11.63 Cr at ₹250.11 apiece in a bulk deal.
A jewellery manufacturer and retailer incorporated in 2003, Shanti Gold International specializes in 22KT CZ gold jewellery across diverse designs and product categories. The company operates in the gems, jewellery, and watches sector, serving customers through its comprehensive portfolio of gold-based ornaments and fashion accessories. It combines traditional jewellery craftsmanship with contemporary design offerings to cater to varied consumer preferences and market segments.
Nova Global Opportunities Fund PCC is a foreign portfolio investor that is an active anchor investor in Indian SME IPOs. It has backed offerings across sectors including electric equipment, power and energy, infrastructure, and logistics.