Gitanjali Gems sign strategic deal with Bennett, Coleman

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Gitanjali Gems said that the company has entered into advertisement agreement with Bennett, Coleman and Company (BCCL) having its registered office at The Times of India Building, Dr. D. N. Road.

As on date BCCL holds 10,75,000 equity shares of Rs. 10 each of the company, constituting 1.18% of the total paid up capital of the company.

There is no nominee of BCCL on the board of the company. Further no management control or potential conflict of interest is arising out of such agreement.