A ₹1,750 Cr acquisition deal could reshape India's jewellery retail market. Find out who's buying and why.
Advent International is in advanced talks to acquire a 51-75% stake in Orra Fine Jewellery.
Orra, launched by Rosy Blue Group in 2004, specializes in diamond, gold, and platinum jewellery with global design roots.
With Titan’s CaratLane deal at ₹4,621 Cr and Bluestone’s IPO buzz, jewellery retail is thriving.
Orra's FY24 revenue rose 23.5% to ₹1,156 Cr, despite a ₹11 Cr loss. Advent sees big potential.
With $6B invested in India across sectors, Advent eyes Orra to expand its consumer portfolio globally.
Advent plans to take Orra public within years, scaling its reach in India and overseas markets. Source – The Economic Times