Khaitan with jewellery export house's Rs. 200 crore IPO
Oct 01, 2009
Khaitan & Co.'s Mumbai offices are advising the issue of Shree Ganesh Jewellery House Limited in raising Rs. 200 Crores ($ 41.7 Million). Mauritius based private equity investor, Credit Suisse is exiting from the Company
The Kolkata based company is one of India's largest manufacturer and exporter of hand crafted jewellery. The Company which owns 'Gaja', a chain of retail jewellery stores, has been proposing an IPO since late 2007, but did not citing market situation. Reports indicate that the company proposes to use the money raised through the IPO to fund its expansion plans.
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