Gitanjali Gems Gains 4% as SEBI Gives Approval for Nakshatra IPO
DSIJ Intelligence / 14 Jun 2017
Gitanjali Gems Limited is engaged in the trading, manufacturing, import and export of diamond cutting and polishing, diamond studded jewellery and plain gold jewellery.
Gitanjali Gems Limited is engaged in the trading, manufacturing, import and export of diamond cutting and polishing, diamond studded jewellery and plain gold jewellery.In Wednesday’s trading session, Gitanjali Gems has extended its gains of the past few days. At Rs 68.4 per share, the stock was trading higher by around 4.35%. It has touched its intraday high of Rs 70.75 per share, up by 7.9%.
The stock has gained on the back of SEBI’s nod for the IPO of its subsidiary.
Nakshatra World, a subsidiary of Gitanjali Gems has received capital markets regulator, Securities and Exchange Board of India’s (SEBI) permission to float an Initial Public Offering (IPO).The issue consists of 1.8 crore equity shares of Nakshatra World.
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