Will Gitanjali Gems recover?
The committee of creditors to Gitanjali Gems, promoted by fugutive Mehul Choksi, has decided to liquidate the company to recover ₹ 12,558 crore it owes to 31 banks and financial institutions.
Who is the owner of Gitanjali Gems?
Mehul Choksi
Mehul Choksi, the founder and managing director of ‘Gitanjali Gems’ and the maternal uncle of Nirav Modi has come under the radar of various investigating agencies, following the Enforcement Directorate (ED) filing a case against the latter for conducting fraudulent transactions from the Punjab National Bank.
Why did Gitanjali Gems crash?
How quickly the mighty can fall — in six years, Gitanjali Gems has gone from being one of the best known jewellers to facing liquidation. Having defaulted on payments of dues to the tune of Rs 12,550 crore to 31 creditors, the company is headed for liquidation while its chairman Mehul Choksi remains a fugitive.
What happened to Gitanjali Gems share?
Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems.
Is Nirav Modi still in business?
Modi is being investigated as a part of the $2 billion fraud case of Punjab National Bank (PNB)….
| Nirav Modi | |
|---|---|
| Years active | 1989 – 2018 |
| Organization | Firestar Diamond International, Gitanjali Group, A. Jaffe Inc. |
| Known for | Diamond business bank fraud, wanted by Interpol |
| Criminal status | Arrested (in London, 20 March 2019) |
Where is Mehul Choksi right now?
Dominica
Where is Mehul Choksi right now? Mehul Choksi is currently in Dominica. In May-end, 2021, Choksi went missing from Antigua and Barbuda.
Is Gitanjali Gems delisted?
NEW DELHI: Leading exchanges BSE and NSE will suspend trading in shares of as many as nine firms, including banking fraud accused Mehul Choksi’s Gitanjali Gems, from September 10 for not complying with listing norms pertaining to submission of financial results.
What is the future of Majesco share?
Majesco quote is equal to 933.400 USD at 2022-07-16. Based on our forecasts, a long-term increase is expected, the “MJCO” stock price prognosis for 2025-11-19 is 1912.130 USD.
What is Mehul Choksi net worth?
about Rs 1,210 crore
A designated PMLA authority held that 41 properties worth about Rs 1,210 crore, attached by the Enforcement Directorate (ED) in the name of Mehul Choksi and his associated firms, are money laundering assets and ordered that their attachment should continue.
Is Gitanjali Gems Ltd stock traded in BSE?
Gitanjali Gems Share Price, Gitanjali Gems Stock Price, Gitanjali Gems Ltd. Stock Price, Share Price, Live BSE/NSE, Gitanjali Gems Ltd. Bids Offers. Buy/Sell Gitanjali Gems Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes Please select a Day. Stock not traded in NSE. Stock not traded in BSE.
What is the prices page of Gitanjali Gems?
The Prices page of Gitanjali Gems Ltd.. captures the information on Price and Volume for a user defined time interval. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart.
What are the key products/revenue segments of Gitanjali Gems Ltd?
Gitanjali Gems Ltd. key Products/Revenue Segments include Jewellery which contributed Rs 7777.31 Crore to Sales Value (74.31 % of Total Sales) and Diamonds which contributed Rs 2687.46 Crore to Sales Value (25.68 % of Total Sales)for the year ending 31-Mar-2017.
