Astorne Capital increased its stake in PNGS Reva Diamond Jewellery from 1.89% to 2.87% through a rights issue, acquiring 309,016 shares valued at ₹12.3 Cr at the current share price.
A jewellery manufacturer and retailer specializing in diamond and gemstone pieces, the company operates across the gems and jewellery sector in India. Incorporated in 2004, it designs and sells jewellery crafted with diamonds, precious stones, and semi-precious stones for diverse customer preferences. The business combines manufacturing expertise with retail distribution, offering a range of jewellery products to serve the Indian market across multiple channels.
Astorne Capital is a Singapore-based variable capital company managed by fund manager Prosperitas Capital, investing in Indian listed and SME equities.