International Gemmological Institute Completes AGL Holdco Acquisition
Filing Summary
International Gemmological Institute India Ltd announced the completion of the acquisition of AGL Holdco Inc by its step-down wholly owned subsidiary, International Gemological Institute Inc (IGI USA). The acquisition was finalized on February 10, 2026, resulting in AGL Holdco becoming a wholly owned subsidiary of IGI USA. This transaction also includes the indirect acquisition of American Gemological Laboratories LLC. The acquisition aligns with the company’s strategic objectives under Regulation 30 of the SEBI Listing Regulations.
International Gemmological Institute India Ltd has completed the acquisition of AGL Holdco Inc through its step-down wholly owned subsidiary, International Gemological Institute Inc (IGI USA). The acquisition was finalized on February 10, 2026, as per the company’s announcement to the BSE and NSE.
The transaction involved the acquisition of 100% of the shareholding of AGL Holdco from sellers Christopher P Smith and Helene Smith. As a result, AGL Holdco has become a wholly owned subsidiary of IGI USA and a step-down wholly owned subsidiary of both IGI Belgium and IGI India. Additionally, American Gemological Laboratories LLC, a wholly owned subsidiary of AGL Holdco, has also become a step-down wholly owned subsidiary of IGI USA, IGI Belgium, and IGI India.
The acquisition was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously informed about the board’s approval for the infusion of funds into IGI Belgium and the subsequent investment in IGI USA.
International Gemmological Institute India Ltd focuses on providing gemological services and certification. The company aims to enhance its global presence through strategic acquisitions and investments in its subsidiaries, aligning with its business priorities and growth strategies.