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Gitanjali Gems - Acquisition of further shares in ‘Modali Jewels Pvt. Ltd’

Gitanjali Gems Ltd has informed BSE that the Company has acquired 100% Shares of ‘Modali Jewels Pvt Ltd.’ (MJPL), earlier a joint venture Company. By way of this acquisition, MJPL has become a wholly owned subsidiary of the Company.

The main business of MJPL is to establish and operate chain of showrooms / outlets for selling Gold & Diamond studded jewellery.

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