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December 30, 2024IGI hits 10% upper circuit after new acquisition; stock rises 15% since listing
The newly listed company informed the stock exchanges that it has completed the acquisition of 100% stakes in IGI Netherlands B.V. and International Gemological Institute BV.
Following these acquisitions, the two companies have become wholly-owned subsidiaries of International Gemmological Institute India Ltd.
International Gemmological Institute India Ltd shares saw strong investor traction, hitting a 10% upper circuit and a life-time high at ₹580.25 apiece on the NSE on Thursday after the company announced two acquisitions for $158.2 million (approximately 1,349.22 crore).
