Gitanjali Group launches Gold and Silver coin ATM at Lalbaugcha Raja

Gitanjali Group unveils Gold and Silver coins embossed with an image of the majestic Lalbaugcha Raja.

Post By : IJ News Service On 18 September 2012 6:03 PM
Damiani S.p.A. has purchased Rocca S.p.A. from the Damiani family. The deal worth EUR 7 million ($10.08 million.) will be completed with Damiani paying EUR 2.05 million in shares and EUR 4.5 million in cash. %% At present, Rocca owns 22 stores under direct management, which deliver high-end watches and jewellery. Its revenues figures in 2007 were around EUR 39.2 million ($56.4 million,), and the company faced a net loss of nearly EUR 2 million ($2.87 million,). %% Damiani is citing the acquisition as an opportunity to strengthen its retail business and is part of its corporate expansion strategy.

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