Monday 21 April 2014

India's jewellery firm Gitanjali seeks Rs 1.7b more in loan

Jewellery firm Gitanjali Gems, which owns brands such as Nakshatra, Gili, Sangini and Asmi, is seeking to raise an additional loan of Rs 1,700 crore in the second attempt to revive its business. The Mehul Choksi-run company, which suffered due to depreciation of the rupee against the US dollar and restriction on gold imports, has an outstanding loan of Rs 4,285 crore.  read more

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