Gitanjali Gems buys 15% in Japan’s Verite; Issues convertible debentures worth $7M to DB Corp

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Gitanjali Gems Ltd has acquired 15.3 per cent stake in Japanese jewellery retailer Verite Co. Ltd for Rs 25 crore ($4.5 million). This acquisition, through a Hong Kong-based arm Aston Luxury Group Ltd, will help Gitanjali Gems to increase its presence in one of the leading diamond jewellery markets of ......