Gitanjali Gems acquires Fantasy Diamond

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New Delhi, Jun 10 (UNI) Jewellery maker Gitanjali Gems Ltd today said it has raised its stake in Fantasy Diamond Cuts Pvt Ltd to make it a wholly-owned unit.

Fantasy was previously partially owned by Gitanjali, and now becomes a fully-owned subsidiary of the diamond jeweler.

The Mumbai-based firm said in a statement that it acquired 100 per cent shares in each of Eureka Finstock Pvt Ltd and Decent Securities&Finance Pvt Ltd, both of which were previously promoter group companies.

However, the company did not disclose the financial details of the acquisition.

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