Home Retail Gitanjali Gems board approves buy back

    Gitanjali Gems board approves buy back


    Further to its proposal to buy back of shares last week, 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 per share, aggregating to Rs 1.44 billion. The amount is less than 10 per cent of the total paid-up equity share capital and free reserves of the company, claimed the company in a filing to .

    Odisha govt approves Gitanjali Gems' industrial park
    The in-principle approval for the establishment of the park was given at the state-level committee meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi

    The decision was taken at a board of directors meeting, the company added further. The buy back was being proposed in line with the company’s desire to enhance overall shareholder value.

    The Mumbai-based Gitanjali Gems is a pioneer in branded jewellery in India and owns brands including D’, Asmi, Sangini, and Gili.

    — Shailesh Shah