INDIA'S GITANJALI GEMS LIKELY TO ANNOUNCE US ACQUISITION SOON. (28-NOV-06) AsiaPulse News

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INDIA'S GITANJALI GEMS LIKELY TO ANNOUNCE US ACQUISITION SOON.

Publication: AsiaPulse News

Publication Date: 28-NOV-06

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MUMBAI, Nov 28 Asia Pulse - Gitanjali Gems Ltd (BSE:532715), the city-based Rs 25 billion (US$559 million) diamond and jewellery retailing company, is likely to announce the acquisition of a US-based company soon.

"We are in serious talks with a US-based company in the area of diamond jewellery retailing....

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