The Board’s approval permits the setting up of this subsidiary. Also, Rajesh Mehta, Chairman of Rajesh Exports, as authorised by the Board, will carry out the required formalities to set up the subsidiary, reports add. The company has a retail identity under the brand name Shubh Jewellery. It’s manufacturing facility is located in Bengaluru, reports add. Its share prices touched a 52-week high rising around Rs 241.60 a share, up 3.62 percent on BSE, reports say.
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