Gitanjali Gems and DB Corp

IN Media Watch Briefs | 13/03/2018
Guess which media group escaped being a victim of the Modi-Choksi fraud? The Bhaskar Group had a private treaty agreement with Gitanjali Gems which it ended in FY 2016-17.  As of March 2015, DB Corp owned 60,54,960 shares of Gitanjali Gems valued at Rs 24.95 crore, with each share valued at Rs 41.21 on March 31st. By March 31, 2016 their holdings came down to 52,01,055 shares valued at Rs 16.93 crore with each share now marked at Rs 32.55. During 2016-17 the entire shareholding was liquidated, because of a decision by DB Corp to exit  the  private  treaty  business.  But in that final year  of investment they made Rs.  11.87  crore  profit on their Gitanjali investment, Girish Agarwal said in a conference call with analysts in January this year.                 
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Even as Zee News has been running programmes  questioning  the chargesheet filed in the Kathua rape case, Deepika Singh, lawyer for the Kathua victim’s family, has sent a legal notice To Zee Hindi News for a programme run by Zee Hindi News on April 17 in which Sudhir Chaudhury had alleged that Deepika Singh Rajawat had stayed at the Jawaharlal Nehru University, with the innuendo that she had supported anti-national elements. The notice said, "while my client reiterates that she has never stayed at JNU, she nevertheless firmly believes that there cannot be anything remotely wrong in staying in JNU, if ever she did. Your innuendoes and spreading of communal hatred constituted a threat to her life."    
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