Renaissance Global Limited — JV/Acquisition, 16-01-2025: Acquisition

Renaissance Global Limited is set to invest up to ₹27 Crore in its wholly-owned step-down subsidiary, RD2C Ventures Inc., based in the USA. This capital infusion aims to bolster RD2C's operations in the direct-to-consumer segment of the jewellery industry, which primarily involves gems and diamond-studded jewellery sales. As of September 30, 2024, RD2C's revenue stood at approximately $15,697, with no revenue generated in the previous three financial years. With this investment, Renaissance Global will maintain its 100% stake in RD2C. The target completion for this investment is on or before February 28, 2025.