What happened to Gitanjali Gems shares?
From being the poster boy of the diamond fraternity, the Gitanjali stock crashed by 90 per cent, evaporating close to Rs 5,000 crore of market capitalisation.
Who is the owner of Gitanjali Gems?
Mehul Choksi
PREMARKET
Management | |
---|---|
Anil Haldipur | Independent Director |
Dhanesh Sheth | Non Exe.Non Ind.Director |
Mehul Choksi | Chairman & Managing Director |
Nazura Ajaney | Independent Director |
Why did Gitanjali Gems crash?
The reasons for the stock price crash include mounting debt, falling domestic demand, tightening of government policies on gold imports and weak working capital management. The stock price could never recover to April 2013 levels.
What happened Gitanjali Jewellery?
Bengaluru : India’s securities regulator on Thursday fined jewellery retailer Gitanjali Gems Ltd and its executives 50 million rupees ($695,700) for failing to disclose key information related to a $2 billion fraud at Punjab National Bank (PNB).
Who is the owner of Nakshatra jewellery?
The Gitanjali Group is led by chairman and managing director Mehul C Choksi. Nakshatra has nearly a dozen brands under its umbrella including Nakshatra, Asmi, Gili, Sangini and Parineeta. It makes and sells branded studded jewellery, gold jewellery and other jewellery products in India and overseas.
What happened Gitanjali jewellery?
Where is Mehul Choksi now?
Mehul Choksi is currently in Dominica. In May-end, 2021, Choksi went missing from Antigua and Barbuda. He was reportedly captured in Dominica while he was trying to flee to Cuba in a boat. A Caribbean court stayed his repatriation from the Dominican Republic.
Where is Nirav Modi now?
βHe is at high risk of suicide already and his condition is likely to deteriorate further in Mumbai,β Edward Fitzgerald QC argued as he opened the appeal on behalf of Nirav Modi β who remains behind bars at Wandsworth Prison in south-west London since his arrest in March 2019.
Who is owner of Nykaa?
Falguni Nayar
Falguni Nayar, who owns almost half of Nykaa’s shares is now worth $6.5 billion as shares of her company surged to 89 per cent as they started trading on the day.
Who is the owner of Nakshatra gold and diamonds?
M. P. Ahammed was born to Mammad Kutty Hajee and Fathima. At the age of 17, he started his first business venture of agro products.