Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Valcambi bought by Rajesh Exports in $400mn deal
  • Business

    Valcambi bought by Rajesh Exports in $400mn deal

    Sripriya Yegneswaran
    Written by
    Sripriya Yegneswaran
    Mail
    Last updated on Jul 27, 2015, 05:17 pm
    Valcambi bought by Rajesh Exports in $400mn deal
    Credits:
  • Valcambi, the world's biggest gold refining company was bought in an all-cash deal worth $400 million by Rajesh Exports Ltd.

    Rajesh Exports said that this deal will ensure raw material supplies and will go on to add to its earnings per share.

    Valcambi's existing owners led by Newmont Mining Corp, the world's largest gold jewellery maker, selected Rajesh Exports after a thorough global search.

  • In this article
    India leads the world in gold hunger Rajesh Exports off to a shining start Company faces tax evasion accusations Glittering all the way to Australia Plans to form subsidiary in Europe Rajesh Exports bags an order of Rs 1450 crore The growth of Rajesh Exports Valcambi bought by Rajesh Exports in $400mn deal
  • Do you know?

    India leads the world in gold hunger

  • As far as gold consumption goes, India is the world's largest consumer of gold, with a demand of approximately 900 tonnes per year.

  • 1989

    Rajesh Exports off to a shining start

    Rajesh Exports off to a shining start
  • Rajesh Exports Ltd. (Rajesh Exports) was established as a partnership firm to manufacture and export jewellery in 1989. Its headquarters are located in Bengaluru.

    Its first gold jewellery manufacturing facility in India was established in 1990.

    In 2007, the company set up its retail chain stores called 'Laabh Jewellers.'

    Mr. Rajesh J. Mehta serves as the Executive Chairman of the company.

  • 15 May 2013

    Company faces tax evasion accusations

    Company faces tax evasion accusations
  • Rajesh Exports came under the scanner for routing gold meant for exports into the Indian retail market.

    The Directorate of Revenue Intelligence (DRI) Kochi office framed the company under Section 135 of the Customs Act.

    If the charges were proven, Rajesh Exports would be charged a fine twice the amount of duty evaded.

    Moreover, the prime accused Prashanth J. Mehtha (MD) would face imprisonment.

  • 2 Apr 2015

    Glittering all the way to Australia

    Glittering all the way to Australia
  • Rajesh Exports divulged its plans to invest approximately $700 million in Australia's mining sector; they also have hopes to open jewellery stores there.

    The company is planning to set up a subsidiary in Melbourne to see into acquiring interests for the company.

    The company said it wanted to take Australian gold, process it in India and then retail it in the Australian market.

  • 4 May 2015

    Plans to form subsidiary in Europe

    Plans to form subsidiary in Europe
  • In order to expand its global presence, jewellery maker Rajesh Exports Ltd confirmed its willingness to form a subsidiary in Europe.

    The company's Board of Directors gave their stamp of approval for this decision to make the company a global name.

    The Chairman Rajesh Mehta was given the supreme authority to carry out all the required formalities entailing this decision.

  • Do you know?

    Rajesh Exports bags an order of Rs 1450 crore

  • Rajesh Exports, which also sells jewellery under the brand Shubh Jewellers with 83 showrooms across India, earned an order of Rs 1,450 crore from UAE on 10 July 2015.

  • 20 Jul 2015

    The growth of Rajesh Exports

    The growth of Rajesh Exports
  • In 2014-15, Rajesh Exports had a revenue increment of 73% to Rs 50,463 crores and a net profit growth of 82% to Rs 655 crores.

    95% of the company's revenue comes from jewellery exports and only 5% from jewellery retailing. Hence, the falling gold prices in India did not affect the company.

    The company expects the retail share to grow by 10% this year.

  • 28 Jul 2015

    Valcambi bought by Rajesh Exports in $400mn deal

    Valcambi bought by Rajesh Exports in $400mn deal
    Credits:
  • Valcambi, the world's biggest gold refining company was bought in an all-cash deal worth $400 million by Rajesh Exports Ltd.

    Rajesh Exports said that this deal will ensure raw material supplies and will go on to add to its earnings per share.

    Valcambi's existing owners led by Newmont Mining Corp, the world's largest gold jewellery maker, selected Rajesh Exports after a thorough global search.

Latest News
  • Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Entertainment
  • Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Science
  • 'Baahubali' writer roped in for 'Sita - The Incarnation'
    'Baahubali' writer roped in for 'Sita - The Incarnation'
    Entertainment
  • BS6 Kawasaki Ninja 300's colors and engine details revealed
    BS6 Kawasaki Ninja 300's colors and engine details revealed
    Auto
  • La Liga, Sevilla 0-2 Barcelona: Records broken
    La Liga, Sevilla 0-2 Barcelona: Records broken
    Sports
Related Timelines
  • Starlink passes 10,000 users, counters objections to FCC funding
    Starlink passes 10,000 users, counters objections to FCC funding
    Business
  • Oil plunges 30% as Saudis begin price war with Russia
    Oil plunges 30% as Saudis begin price war with Russia
    Business
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani Gross Domestic Product
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest Mohammed Bin Salman
Mercedes Europa League Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Premier League Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021