Gitanjali Gems has acquired B Vijay Retail Ventures` (BVRVPL) through its subsidiary Gitanjali Lifestyle.

B Vijay Retail Ventures` (BVRVPL) deals in the business of trading and retailing of gold, silver, precious metal and diamond. It is famous for its brand `HooP`.

The shares of Gitanjali recorded a gain of 0.55, or 0.21% and closed at Rs260.5. It traded 45,545 at the BSE on Tuesday.