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Gitanjali buys Italian firm

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BS Reporter
Last Updated : Jan 20 2013 | 1:37 AM IST

Gitanjali Gems on Tuesday informed the stock exchanges that it had acquired 90 per cent stake in Glantti Italia, a company based in Milan. It took the stake from its Dubai-based, wholly owned subsidiary, Gitanjali Ventures DMCC. Glantti Italia now becomes a direct subsidiary. “The acquisition is aimed at growth of the branded jewellery business overseas and gain the designing and branding concepts’ expertise from Italy,” the company said in a release.

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First Published: Dec 29 2010 | 12:42 AM IST

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