Comments
Gitanjali Gems has acquired the Hong Kong-based jewellery company Crown Aim for an undisclosed amount. The deal was carried out on Friday through the wholly-owned subsidiary, Aston Luxury Group, said Gitanjali Gems in a statement.
Crown Aim is engaged in distribution of jewellery in China, Japan, the US, West Asia and Europe.
In addition, it has a jewellery manufacturing unit in China and plans to set up retailing base in China.
Crown Aim also has a wholly-owned subsidiary, Alfred Terry Holding, and a step-down subsidiary Alfred Terry Ltd in London, for distribution of Jewellery in the UK.
Gitanjali stocks on BSE were up 0.61 per cent at Rs 340.20 on Tuesday.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.