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of articles tagged as Gitanjali-Gems
Gitanjali Gems plans to buy US co
Friday, October 12, 2007 www.indiainfoline.com
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M & A
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Gitanjali Gems is planning to buy another leading jewellery retailer having over 100 outlets across the country for around US $100mn. A Mumbai-based boutique investment bank, Keynote is advising the company. The firm is planning to raise capital for its proposed acquisition and domestic expansion and wants to raise US $100mn through a global depository receipt (GDR) issue.
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Gitanjali Gems rises
Friday, October 12, 2007 www.indiainfoline.com
(
Finance
)
Based on reports that the company plans to buy another leading jewellery retailer having over 100 outlets across the country for around US $100mn, the shares of Gitanjali Gems has gained by 2.5% to Rs370. The scrip of the company has touched an intra-day high of Rs380 and a low of Rs363 and has recorded volumes of over 1,00,000 shares on NSE.
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Gitanjali Gems to add 150 stores in US
Thursday, October 11, 2007 www.financialexpress.com
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Stock market
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Gitanjali Gems is planning to add 150 stores in the US, thus resulting in a total of 250 stores by next year. Last year, Gitanjali Gems had acquired a 97% stake in Samuels Jewelers Inc, a chain having 97 stores in the US and a turnover of $100 million. "We are planning to increase the number of stores to 250 by next year," said Mehul Choksi, chairman of the Gitanjali group.
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Gitanjali Gems gains 1%
Monday, October 01, 2007 www.indiainfoline.com
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Stock market
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Following an announcement that the company plans to raise funds by selling shares overseas, the stock price of Gitanjali Gems has gained by 1% to Rs323. The scrip has touched an intra-day high of Rs326 and a low of Rs319 and has recorded volumes of over 42,000 shares on NSE.
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