Choksi buys stake in Gitanjali Gems

Mehul C Choksi, chairman of Gitanjali Gems, has acquired 0.12% stake in the company in an open market transaction.

Choksi bought 100,000 shares on March 28. He now holds 46.05% stake in the company.

According to reports, L Capital, private equity arm of luxury goods conglomerate LVMH, is looking at picking up stake in Gitanjali Gems.

The company's stock was trading at Rs 243.55 at 1.50 pm, nearly 2.07% higher than Tuesday's close.