US-based Warburg Pincus, through its affiliate Highdell Investment Ltd., will divest 2.43 crore equity shares, representing 2.36% of the company’s share capital, to the promoter at ₹535 per share, totaling ₹1,300 crore.
Following the transaction, the ‘promoter’ and ‘promoter group’ shareholding in the company will increase from 60.59% to 62.95%.
Earlier this year, Warburg Pincus had sold a significant 8.4% stake in Kalyan Jewellers India through the open market for ₹2,931 crore.
The Warburg Pincus arm cumulatively sold 8.67 crore shares at an average price of ₹338 a share.
Last year in June, Warburg Pincus had offloaded a 6.2% stake in Kalyan Jewellers India for ₹725 crore.
As of June 2024, Warburg Pincus held a 9.17% stake in Kalyan Jewellers. Warburg originally held a 32% stake in Kalyan Jewellers before it got listed, and it offloaded a partial stake in the initial public offer.
Kalyan Jewellers India is into manufacture and sale of gems and jewellery.
On Wednesday, shares of Kalyan Jewellers India Ltd. settled 2.60% higher on the NSE at ₹556.