Gitanjali Gems buys balance 10% stake in Italian co

R. Yegyanarayanan Updated - November 12, 2017 at 05:33 PM.

Gitanjali Gems Ltd has acquired remaining 10 per cent stake of Giantti Italia S.R.L., based in Milan, Italy from Ambio S.R.L. on June 16. Giantti Italia S.R.L. will become a wholly owned subsidiary and the acquisition is aimed at growth of the branded jewellery business overseas and to gain design and branding concepts expertise from Italy.

Published on June 20, 2011 07:50