Gitanjali Gems - Allotment Of Equity Shares On Preferential Basis

Gitanjali Gems Ltd has informed that pursuant to the approval of shareholders of the Company in terms of section 81(1)(A) by way of resolution passed through postal ballot the results of which were declared on March 09, 2007, the Company is making allotment of 15,54,050 equity shares of Rs 10 each on preferential basis to the following persons:1. B III Capital Partners, L.P., USA : 13,20,943 Number of Shares2. B III - A Capital Partners, L.P., USA : 2,33,107 Number of Shares