Kalyan Jewellers acquires 15% stake in Candere, making it a wholly-owned subsidiary for ₹42 crore.
Kalyan Jewellers acquires 15% stake in subsidiary Candere for ₹42 crore, becoming a wholly-owned subsidiary. The move follows Kalyan Jewellers' initial majority stake acquisition in 2017, with Candere reporting annual revenue of ₹130.3 crore in 2023-24. Since its launch in 2013, Candere has grown as an affordable and accessible jewellery brand and plans to quadruple its offline presence by adding 11 new physical showrooms during the current fiscal year.
June 03, 2024
4 Articles