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 moreMonday, 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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