Summary
1. Indian Leading company Gitanjali Gems has taken stake holdership of few companies. 2. Deal was disclosed today. 3. Gitanjali is trying to hold the full sector.
Analysis
Gitanjali Gems an Indian Leading brand in Diamond and Gold Jewellery as well as DTC Sightholder who also process diamonds announced today that they have become full stake holder of Fantacy Diamond Cut Pvt Ltd.
Gitanjali also announced that they have also taken 100% stake holdership of previuosly promoter group companies. And these two companies are Eureka Finstock Pvt Ltd and Decent Securities & Finance Pvt Ltd.
Gitanjali has not disclosed the amount and details of thier deals but one thing should have a watch at this time, that Retail sector all over the world is experincing tough time from past few months thus it might be possible that Gitanjali is trying to save its group image by taking full command over these companies.
We should know that in India Gitanjali Gems is the only company dealing with the Retail of Diamond Jewelery, Gold Jewelery, and CZ Jewelery under many Brands and direct retail outlest in India as well outside India.
And from past few years Gitanjali Gems is trying to expand thier market from India to allover the world and for that they have done many deals and contracts from different companies to capture the Retail segment in that area.
