Gitanjali Gems
Retail
Gitanjali Gems forms JV with MMTC
With reference to the earlier announcement related to signing of memorandum of understanding with MMTC Ltd (MMTC), one of country’s leading international trading company, Gitanjali Gems Ltd has announced that it has executed a tripartite share purchase agreement with...
Retail
Gitanjali – Hassan’s Optician JV to open 200 stores; to invest $2 mn
The newly formed JV between jewellery retailer Gitanjali Gems and Kuwait-based eyewear major Hassan’s Optician will invest around USD 2 million for its retail expansion across India.As part of the plan, the JV will open over 200 stores across...
Retail
Gitanjali Gems signs 50:50 JV with Hassan’s Optician
Geetanjali Gems, the jewellery retail arm of Mumbai-based Geetanjali Group, has signed a 50:50 JV with Kuwait-based Hassan’s Optician, according to a statement by Gitanjali Group to Bombay Stock Exchange.According to the BSE filing, the formed alliance will permit...
Retail
Gitanjali unveils Nakshatra Universe store in Mumbai
Mumbai-based Gitanjali Gems, known for its branded jewellery, has inaugurated its diamond retailing store Nakshatra Universe in Mumbai. The newly launched store is spread over a retail space of 400 square feet.Speaking on the occasion, Mehul Choksi, chairman and...
Retail
Gitanjali Gems board approves buy back
Further to its proposal to buy back of shares last week, Gitanjali Gems has decided to buy back upto a maximum of 1,20,00,000 equity shares of the company of Rs 10 each upto a maximum price of Rs 120...
Retail
Gitanjali Gems Board to consider buy back of equity shares
Gitanjali Gems, country’s pioneer in branded jewellery, in its meeting of the board of directors of the company to be held on December 19, will consider the proposal of buy back of equity shares, the company has said in...
Retail
E&Y announces 19 finalists for ‘Entrepreneur of the Year Award 2008’
Ernst & Young (E&Y) has announced the 19 of India’s successful entrepreneurs as the finalists’ for the coveted 'E&Y Entrepreneur of the Year awards 2008'. The names from the retail industry featuring in the list include Ram Chandra Agarwal,...
Retail
Healthy Q2 results for Gitanjali Gems
Gitanjali Gems, country’s pioneer in branded jewellery, has announced its financial results for the quarter ended September 30, 2008. The Mumbai-based company has logged a net profit of Rs 3519.92 lakh, an increase of Rs 834.52 lakh from its...
Retail
Gitanjali acquires B Vijay Retail Ventures
Gitanjali Lifestyle Ltd, the wholly owned subsidiary of Gitanjali Gems, has acquired B Vijay Retail Ventures Pvt. Ltd, which owns the 'HooP' brand in India and retails diamond, gold, and silver jewellery.With this move, Gitanjali will now retail its...
Retail
Gitanjali might buy US jewel major Whitehall
To strengthen its position in the US market, Gitanjali Gems has planned to buy the US-based jewellery retail chain Whitehall Jewellers Holdings, which filed for bankruptcy recently.Commenting on this, GK Nair, executive director, Gitanjali Gems, said: “We have great...
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