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Gitanjali Gems Raises Stake in Fantasy Diamond, Buys 2 Other Companies
By Avi Krawitz
Posted: 06/10/08 09:02
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RAPAPORT...
Gitanjali Gems has bought full control of Fantasy Diamond Cut Pvt Ltd for an undisclosed amount, the India-based company said in a statement on the Bombay Stock Exchange.
Fantasy was previously partially owned by Gitanjali, and now becomes a fully owned subsidiary of the diamond jeweler.
In two additional announcements, Gitanjali said it acquired 100 percent shares in each of Eureka Finstock Pvt Ltd and Decent Securities & Finance Pvt Ltd, both of which were previously “promoter group companies.”
Further details of the acquisitions were not disclosed.
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