Gitanjali Buys 90% Stake in Italian Firm

Gitanjali Gems Ltd., an Indian diamond and jewelry manufacturer, retailer and distributor, said it now owns a majority stake of Italian firm Giantti Italia S.R.L., according to media reports.

The company acquired 90 percent stake in Milan-based company from its Dubai-located wholly owned subsidiary, Gitanjali Ventures DMCC, the company reportedly said in a filing with the Bombay Stock Exchange