Goenka Diamond & Jewels Ltd IPO - Objects to the Issue - Indian IPO Blog

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Sunday, March 21, 2010

Goenka Diamond & Jewels Ltd IPO - Objects to the Issue

The objects of this Issue are to:
1. Meet the expenses of establishing stores for our G WILD brand (G WILD Stores);
2. Meet the expenses of establishing stores for our CERES brand (CERES Stores);
3. Meet working capital requirements for jewellery business;
4. Meet the expenses of establishing a jewellery manufacturing facility in Mumbai;
5. Meet the expenses of establishing a diamond processing facility in Mumbai; and
6. Further invest in the equity capital of our Subsidiary

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