 "Gitanjali Gems gains on group restructuring plans")
The company in a release said its board approved the merger of step down subsidiaries such as Asmi Jewellery India Ltd and Spectrum Jewellery Ltd with Nakshatra Brands Ltd.
Further, the board also approved merger of Gitanjali Jewellery Retail Ltd and Gitanjali Lifestyle Ltd with GILI India Ltd, a step down subsidiary of the company, the release added.
The stock opened at Rs 43.25 and touched a high of Rs 47.40. At 11:15AM, over 814,000 shares were traded on the Bombay Stock Exchange.
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