Gitanjali Gems rises on FCCBs approval

Gitanjali Gems gained more than 2 percent intraday on Friday after the board of directors of company approved raising funds via Foreign Currency Convertible Bonds (FCCBs) due 2018 on Thursday.

February 22, 2013 / 11:22 IST

26 Aug, 2025 12:21

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Gitanjali Gems gained more than 2 percent intraday on Friday after the board of directors of company approved raising funds via Foreign Currency Convertible Bonds (FCCBs) due 2018 on Thursday.

Mumbai-based jewellery retailer decided to open the issue on Monday, February 25, 2013. "The floor price will be calculated as per relevant pricing guidelines of FCCBs," the company said.

At 11:08 hours IST, shares moved up 1.21 percent to Rs 574.50 on Bombay Stock Exchange.

first published: Feb 22, 2013 11:22 am

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