GITANJALI GEMS LTD. - Intimation of proposed Initial Public Offer by Nakshatra World Limited, wholly owned subsidiary of the Company

Download	< Back
14 Dec 2016
Gitanjali Gems Ltd has informed BSE that Nakshatra World Limited ('NWL') [formerly known as Gitanjali Brands Limited], a wholly owned subsidiary of Gitanjali Gems Limited ('the holding Company') has decided to raise funds through an Initial Public offer of equity shares for an overall amount of not exceeding Rs. 650 crores, subject to requisite statutory and other approvals, procedures, market conditions and other relevant considerations..<BR><BR>At its meeting held on December 14, 2016, the Board of Directors of the holding Company has also approved the proposal of public offering of equity shares of NWL and dilution of its stake consequent to Initial Public Offer.<BR><BR>The Draft Red Herring Prospectus (DRHP) will be filed by NWL with the Securities and Exchange Board of India as and when it is approved by the board of NWL. The Company shall intimate the exchanges of related developments in this matter at appropriate stages.
View all announcements for GITANJALI GEMS LTD.	Source: BSE India

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2024	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us