Gitanjali Gems, in a bid to restructure its branded jewellery business has transferred its entire stake in six subsidiaries - Asmi Jewellery India, Brightest Circle Jewellery, D'Damas Jewellery (India), Gili India, Shubalananyaa Jewel Crafts and Spectrum Jewellery to Gitanjali Brands, a wholly owned subsidiary of the company. The company has taken restructuring exercise to consolidate and realign branded jewellery business.
The said transfer, which is a part of presently undergoing restructuring exercise is being advised by KPMG. Further it would help each brand business to have its own independent business model and at the same time it will enable to unlocking shareholder's value.
Gitanjali Group's 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, polishing and setting. The company was first to offer diamond studded jewellery at reasonable prices.
Company Name | CMP |
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Titan Co | 3533.75 |
Kalyan Jewell.India | 399.45 |
Rajesh Exports | 290.95 |
Sagar Diamonds | 28.00 |
Senco Gold | 977.00 |
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