D'Damas Jewellery India Pvt Ltd becomes subsidiary of Gitanjali Gems Ltd

Gitanjali Gems Ltd has announced that D'Damas Jewellery (India) Pvt Ltd, a joint venture Company, has become the Company's 51% subsidiary.

D'Damas jewellery (India) Pvt ltd is primarily in the business of manufacturing plain and diamond studded precious metal Jewellery. D'Damas is the flagship brand of D'Damas Jewellery (India) Pvt Ltd and there are several sub-brands each providing a particular occasion wears for the consumer.

The stock was trading at Rs.201.05, down by Rs.0.15 or 0.07%. The stock hit an intraday high of Rs.208.50 and low of Rs.198.50. The total traded quantity was 243471 compared to 2 week average of 321835.

Source : Equity Bulls

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