LVMH Stake Acquisition: Nothing Decided Yet, Says Gitanjali Group
February 15, 11
(IDEX Online News) - In response to news reports that global luxury group LVMH had picked up a stake in it, DTC Sightholder Gitanjali Group, a listed firm, clarified to the Bombay Stock Exchange (BSE) that nothing had actually been decided or transacted to date.
The firm’s communication to the BSE noted, “The company has neither decided nor confirmed anything in this regard to date. Though many global players and private equity funds have shown an interest in the company, nothing has been finalized yet.”