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Rajesh Exports acquires world's largest gold refining firm Valcambi for Rs 2,560 cr

Last Updated: Monday, July 27, 2015, 17:43

Rajesh Exports, the world's largest gold jewellery maker, Monday announced the acquisition of Switzerland-based gold refinery Valcambi for USD 400 million to gain access to raw materials at lower prices.

Gold jeweller Rajesh Exports says to seal acquisition on July 2

Last Updated: Wednesday, July 1, 2015, 16:19

"We are looking for backward integration," chairman Rajesh Mehta told Reuters on Wednesday. "We have identified five-six overseas companies and in tomorrow`s board meeting we will shortlist one company."