Sky Gold raises $16.4M through preferential share issue

What's the deal? Sky Gold and DiamondsDealroom has a profile for this one. Try Dealroom → has raised roughly ₹154.87 crore (about $16.4 million) through a preferential issue of equity shares, the company confirmed on September 5, 2026. It allotted 6,095,074 shares of ₹10 face value each, priced at ₹369 apiece.

How it works: The issue was conducted on a private placement basis and approved by the board. The ₹369 price includes a premium of ₹359 per share over face value.

What's the endgame? Sky Gold earmarked the proceeds for general corporate purposes and to support its growth in the jewellery sector. The company said the raise is meant to "bolster" its financial position and back strategic expansion.

The signal: Preferential issues let listed firms raise capital quickly from select investors, without the delays of a public offering. For Sky Gold, the fresh equity signals a bet on scaling within India's competitive jewellery market.

Read more: investywise.com

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