Date:19/07/2006 URL: http://www.thehindubusinessline.com/2006/07/19/stories/2006071903881500.htm

Back Goldiam Intl on buying hopes

Goldiam International Ltd, a Rs 240-crore Mumbai-based jewellery company, is likely to attract investor interest after KB Infin, a non-banking finance company of the Pantaloon Group, bought 10 per cent stake in the company. KB Infin paid Rs 45 crore for the 10 per cent stake.

On Tuesday, shares of Goldiam were almost steady at Rs 100-level. Goldiam has a few subsidiaries in which it has majority shareholding.

The companies - Diagold Designs, Goldiam Jewels and Goldiam Jewellery - are based in Mumbai and Goldiam HK is based in Panyu, China.

Rajesh Abraham