Profit

Gitanjali Gems buys Nakshatra brand

PUBLISHED ON: January 7, 2008 | Duration: 1 min, 36 sec

  
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The diamond and jewellery manufacturer Gitanjali Gems Ltd on Monday announced the buyout of the Nakshatra brand from Diamond Trading Co. With domestic demand booming and export margins shrinking to 2 per cent for the industry the buyout will be critical. Gitanjali currently holds 33 per cent in the brand for which it paid Rs 50 crores three years ago.
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