Mumbai-based Renaissance Jewellery Ltd has informed that its board has approved acquisition of LJ Creations Pvt. Ltd.

However, the company did not specify any financial details of the transaction.

Renaissance Jewellery Limited engages in the manufacture and sale of studded gold, platinum, and silver jewellery in India and Internationally

At 11:40 am, the company stock was quoting at Rs 72, up Rs 1.20, or 2%. It has touched an intraday high of Rs 73 and an intraday low of Rs 70.