Atlas Jewellery now Listed Entity through Rs 100-cr Acquisition
KOCHI: In a quiet move, Atlas Jewellers, one of the leading jewellers in Kerala, has become a listed entity on Bombay Stock Exchange, by acquiring a listed company GEE EI Woolens. Its founder M M Ramachandran has injected Rs 100 crore into GEE EI Woolens and assumed complete control of the listed entity. Following the acquisition, the name of Rs GEE EI Woolens’ has been changed to Atlas Jewellery India Ltd. The process of getting listed by acquiring a listed entity is called ‘reverse acquisition’ Read more [...]