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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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