Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Thursday, December 15, 2016

Gitanjali Gems Limited has made a statement that its unit Nakshatra World Ltd. will raise funds through an initial public offering (IPO). Nakshatra World Limited was known as Gitanjali Brands Ltd.

Gitanjali Gems told the exchanges that the company plans to raise about Rs.650 crores through the IPO although not much details were shared. The proposed IPO is subject to requisite approvals, market conditions and other relevant considerations, the company said.

The announcement was made after the closing hours of the market. Hence, not much movement was seen in the Gitanjali Gems Limited stock which fell by marginal 0.63% on the BSE to close at Rs.62.65

Gitanjali Group is one of the largest branded jewellery retailers in the world. It is headquartered in Mumbai, India Gitanjali sells its jewellery through over 4000 Points of Sale and enjoys a market share of over 50 per cent of the overall organised jewellery market in India. Prominent brands housed by the group are Nakshatra, D'damas, Gili, Asmi, Sangini, Maya, Giantti, World of Solitaire, Shuddhi, Diya to name a few

Gitanjali is engaged in the cutting and polishing diamonds as well as in jewellery manufacturing, branding and retailing. It exports its cut and polished diamonds, as well as its diamond and other jewellery products to various international markets such as the United States, Middle East, Japan, China, Hong Kong , Thailand and to markets in Europe such as Antwerp and Italy. The group remains a dominant player in the diamond and jewellery segments. It has also recently forayed into the retail and lifestyle space

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers