Gitanjali Gems incorporate subsidiaries for SEZs

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New Delhi, Jan 16 (UNI) Gitanjali Gems Ltd today said it has incorporated wholly owned subsidiaries (WOS) as special purpose vehicles (SPV) for the development of various Special Economic Zones (SEZs).

The companies incorporated are Raigad Gems SEZ Ltd, Aurangabad Gems SEZ Ltd, Nanded Gems SEZ Ltd, Nashik Multi Services SEZ Ltd and Nagpur Multi-Product Gems SEZ Ltd.

Gitanjali Gems Limited, is an integrated diamond and jewellery manufacturing company and will soon enter the capital market with its public issue of 17 million equity shares, the issue of which will open on February 16 and close on February 21.

UNI PDT AK VC1730

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