Sky Gold has announced partnerships with CaratLane, a subsidiary of Titan, and PN Gadgil Jewellers, giving these brands access to Sky Gold’s full portfolio.

Along with these new alliances, Sky Gold has secured ₹270 crore in fresh capital from investors such as Motilal Oswal MF, Kotak Mahindra Life Insurance and Bank of India MF.

The funds will support various initiatives: expansion of the 18-karat gold and diamond product range, capital injections into subsidiaries, development of its design and sales teams and expansion of operations in international markets such as the Middle East, Singapore and Malaysia.

The company is also considering acquisitions to strengthen its market position.

In a separate development, Sky Gold announced on Saturday (October 26) that its board of directors had approved the issuance of bonus shares at a ratio of 9:1.

This means it will issue nine new bonus shares of ₹10 each for every existing share of ₹10 each to eligible shareholders on the record date.

The company said it will notify eligible shareholders of the record date in due course.

Sky Gold, which currently has a market capitalization of over ₹5,000 crore, had earlier issued bonus shares in a ratio of 1:1, or one bonus share for every share held, in 2022.