Gitanjali Gems, the country’s largest integrated branded jewellery manufacturer - retailer has revived talks with L Capital, the private equity arm of the world's largest luxury group LVMH, for a strategic investment.
Both the companies were in talks a year ago but had not progressed over the structure of the business. In the last one year, the company has been working on restructuring its businesses, which is close to completion. The restructuring investment is expected to as high as $100 million.
Gitanjali Group has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, and polishing etc
