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flag 2.36% Highdell stake in Kalyan Jewellers sold to promoter TS Kalyanaraman for ₹1,300 crore.

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

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