2.36% Highdell stake in Kalyan Jewellers sold to promoter TS Kalyanaraman for ₹1,300 crore.
Warburg Pincus' subsidiary, Highdell Investment, is selling a 2.36% stake in Kalyan Jewellers to promoter TS Kalyanaraman for ₹1,300 crore ($155 million). This deal values each equity share at ₹535 and increases Kalyanaraman's stakeholding to 62.95%. The transaction is contingent on the promoter securing financing from financial institutions.
August 21, 2024
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