Gitanjali Gems Offers 1 Rupee Dividend

DTC Sightholder Gitanjali Gems is recommending a dividend of 1 rupee per share on equity shares. The decision by Gitanjali's board of directors is subject to shareholders approval.

Gitanjali is a Mumbai, India based rough diamond and jewelry manufacturing company and one of the largest diamond retailers in India.

The company went public in February to help fund its expansion into the retail sector. The company offered 17 million equity shares of 10 rupees each. The shares were priced at 170 – 195 rupees per share.