Gitanjali Gems Surges on Business Restructuring Plans

Shares of Gitanjali Gems surged nearly 9 per cent to hit intra-day high of Rs 47.40 after the company said that it plans to restructure its business. The company post the market hours on Tuesday said that it will consolidate its various subsidiaries which are into jewellery retail under different brands like Gili and Asmi besides exports. Gitanjali Gems in a filing to the BSE said its board has approved the merger of its arm Gitanj...