Investment Update: CRAFT and CITADEL Capital acquire 5.58% stake in SMR Jewels Ltd through allotment
CRAFT EMERGING MARKETFUNDPCC- CITADEL CAPITAL FUND and CRAFT EMERGING MARKETFUNDPCC- ELITE CAPITAL FUND have acquired a stake in SMR Jewels Limited through an allotment process. The acquisition, which took place on June 05, 2026, increased the holding of the two funds to 5.58% of the total diluted share/voting capital of SMR Jewels Ltd.The acquirers, neither of whom belongs to the promoter group, acquired 1,041,000 shares through this allotment. Prior to the acquisition, the combined holding of the acquiring entities was NIL in terms of shares carrying voting rights and shares in the nature of encumbrance.
Following the transaction, both CRAFT EMERGING MARKETFUNDPCC- CITADEL CAPITAL FUND and CRAFT EMERGING MARKETFUNDPCC- ELITE CAPITAL FUND now hold 1,041,000 shares, representing 5.58% of the total diluted share/voting capital of SMR Jewels Ltd.
The details concerning the acquisition are summarized below:
| Metric | Value |
|---|---|
| Target Company | SMR Jewels Limited |
| Acquirers | CRAFT EMERGING MARKETFUNDPCC- CITADEL CAPITAL FUND and CRAFT EMERGING MARKETFUNDPCC- ELITE CAPITAL FUND |
| Mode of Acquisition | Allotment |
| Date of Acquisition | 05 June 2026 |
The financial structure of the target company, SMR Jewels Ltd., remains consistent across the pre and post acquisition states, with the Equity share capital and total voting capital remaining at 1,041,000 / 18,653,743. The transaction involved the purchase of shares carrying voting rights amounting to 1,041,000, which constituted 5.58% of the total diluted share/voting capital.
Stock Price Movement
As of 11:10, SMR Jewels Ltd is seeing its shares slip by 4.98% to ₹84.00. The stock remains completely flat for the day, with its intraday high and low currently locked at the same level of ₹84.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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