28 Sep 2022
DiamondWorld Directory
-
Home |
News
Home
LIC’s investment in Gitanjali Gems under scanner
LIC’s investment has increased from 1.95% to 4.89%
By: Diamond World News Service
|
Jul 27 2013 6:52PM
|
Reference: 8028  

DecreaseIncrease

Life Insurance Corporation of India’s (LIC) investment in Gitanjali Gems has come under the lens of the Finance Ministry, reports say. The probe follows the sharp dip in prices of Gitanjali Gems’ shares and the interest LIC has taken to nevertheless invest in the company, reports add.

LIC’s holding in the gem and jewellery company has risen from 1.95 percent in the quarter ending September 20, 2012, to 4.36 percent in the quarter ending March, 31, 2013 to 4.89 percent in the quarter ending June 30, 2013, reports suggest.

Shares of Gitanjali Gems dipped from Rs 639 in April to around Rs 85 in three months, reports add. LIC’s share purchase is being viewed as the company's stock price rose unusually by over 100 percent in nine months upto April 2013, reports suggest.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Sort by: 
 Newest 
 | 
 | 
 | 
 Agree 
 | 
aabha roy
(new york)
Celebrate this Rakhi festival with your brother along with this designer Rakhi and Rakhi Thali and sweets available in our website. Just let your finger click at www.usa.rightflorist.in/rakhi_usa_product.asp and Send Rakhi to USA.
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31476
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8866
GJEPC Chairman Interview
Views: 27644
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38631
Promo for IJ Awards 2012 at NDTV Profit
Views: 56447
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67922
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21488
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50395
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52217
Advertisement
DWsubscription
Member of:
Supporter of: