Gitanjali Gems buys 15% in Japan’s Verite; Issues convertible debentures worth $7M to DB Corp

27 August, 2012

Gitanjali Gems Ltd has acquired 15.3 per cent stake in Japanese jewellery retailer Verite Co. Ltd for Rs 25 crore ($4.5 million). This acquisition, through a Hong Kong-based arm Aston Luxury Group Ltd, will help Gitanjali Gems to increase its presence in one of the leading diamond jewellery markets of the world and will also provide supply chain synergies to the group.


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Gitanjali Gems buys 15% in Japan’s Verite; Issues convertible debentures worth $7M to DB Corp

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