Gitanjali Gems forms subsidiary "Ivida Technologies Pvt Ltd"

Gitanjali Gems Ltd has announced that the Company has made its foray into the software, technology and telecom business through the incorporation of a wholly owned subsidiary in the name of "Ivida Technologies Pvt Ltd", Mumbai.

Further the Company has informed that, the main objects of "Ivida Technologies Pvt Ltd" interalia includes Infrastructure Management viz. Hardware & Networking, Web Designing & Development, Enterprise Resource Planning, Media & Graphics, Software Exports, Knowledge Process Outsourcing etc.

The stock was trading at Rs.296, down by Rs.5.90 or 1.96%. The stock hit an intraday high of Rs.304.85 and low of Rs.295.05. The total traded quantity was 81897 compared to 2 week average of 596364.

Source : Equity Bulls

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