Pine Oak sold 2,26,24,440 shares of Motisons Jewellers for ₹31.90 Cr at ₹14.10 apiece in a bulk deal.
A jewellery retailer established in 1997, Motisons Jewel operates across the gems and jewellery sector, offering a comprehensive range of products including gold, diamond, and kundan jewellery. The company also deals in pearls, silver, platinum, and other precious metals, catering to diverse customer preferences through its retail presence in India's jewellery market.
Pine Oak Global Fund is a foreign portfolio investor that acts as an anchor investor in Indian SME IPOs. It has invested across sectors such as logistics, textiles, infrastructure, pharmaceuticals, and solar.
