Private equity major Warburg Pincus on Thursday (August 22) sold a 6.45% stake in jewellery retailer Kalyan Jewellers for ₹3,584 crore via open market transactions. Meanwhile, the Singapore government, Fidelity, Nomura, HSBC Mutual Fund (MF) and Citigroup Global Markets acquired stakes in the company. US-based Warburg Pincus through its affiliate Highdell Investment Ltd offloaded shares […]
Kalyan Jewellers promoters to buy stake from Warburg Pincus affiliate for ₹1,300 crore – CNBC TV18
Kalyan Jewellers India promoter Trikkur Sitarama Iyer Kalyanaraman will acquire a 2.36% stake from global private equity major Warburg Pincus. 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, […]