Gitanjali Gems Acquires Gitanjali Exports Corporation; Q2 Net Profit Surges 31%
Jewellery maker Gitanjali Gems Ltd has increased its stake in "Gitanjali Exports Corporation Ltd" (GECL), a material non listed Subsidiary Company from 51% to 100% and thereby made it a wholly owned
GECL is primarily engaged in the manufacturing and exports of diamonds and diamond studded jewellery and trades in diamonds.
Gitanjali Gems has reported a 31.
06 per cent increase its net profit for July-September quarter at Rs 35.
19 crore over the corresponding period a year ago.
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