Morgan Stanley & Co International acquired 1.65% stake of Jewellery firm Gitanjali Gems,with this acquisition the total stake of Morgan Stanley in Gitanjali Gems increases to 5.97%.
Gitanjali Gems received in-principle approval from ministry of commerce to establish 1,000 hectares SEZ at Nagpur for multi products and 50 hectares SEZ at Aurangabad for Gems and Jewellery.
Gitanjali Gems (GGL) is a India based integrated diamond and jewellery manufacturer and retailer established in 1966. The company’s activities are spread across the entire value chain from sourcing of rough diamonds from various sources to cutting and polishing them and also manufacturing, branding and retailing gold and diamond jewellery.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment