Utssav CZ Gold Jewels Expands Global Footprint; Receives Board Approval for Incorporation of Wholly-Owned UAE Subsidiary
Mumbai (Maharashtra) [India], February 25: Utssav CZ Gold Jewels Limited (Utssav, The Company), (NSE Code: UTSSAV) one of the leading manufacturers of 18K, 20K, and 22K CZ gold, plain gold, gold & diamond jewellery has received approval from its Board of Directors for incorporation of a wholly-owned subsidiary in the United Arab Emirates, with full ownership and control. The initial capital will be infused through cash consideration to expand its core jewellery business internationally.
The proposed incorporation of the subsidiary in Dubai will providethe Company with a strategic presence in a globally recognized gold and diamond trading hub. This move will enable the Company to directly showcase its jewellery collections to international customers and strengthens its participation in ...