The Indian firm said it had been undeterred by a recent slump in world gold prices to a five-year-low as it announced the takeover in India’s financial capital Mumbai.
“This deal will add to Rajesh Exports’ earnings. Valcambi is a profitable, cash-surplus, well-run firm with no labour issues,” company chairman Rajesh Mehta told reporters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
