Private equity firm Warburg Pincus has sold a 6.45% stake in Kalyan Jewellers for Rs 3,584 crore via open market transactions, with shares sold at Rs 539 apiece. The transaction saw investments from the Singapore government, Fidelity, Nomura, HSBC Mutual Fund, and Citigroup Global Markets. Warburg Pincus had previously held a 9.17% stake in the company.
Related Posts
Auto retail sales skid 9% in Sept on sluggish demand
Auto retail sales in India saw a 9% decline in September due to high passenger vehicle inventory and weak demand. Passenger vehicle sales dropped 19%, […]
Mobiles, smart appliances top festive e-shopping list
Shoppers favored mobile phones and electronics in the initial week of online festive sales, with platforms like Amazon and Flipkart achieving over Rs 54,500 crore […]
Krsnaa Diagnostics to acquire 24% stake in start-up Apulki Healthcare
Krsnaa Diagnostics plans to acquire a 24% stake in Apulki Healthcare, securing exclusive rights to provide diagnostic services at Apulki’s oncology and cardiology hospitals. This […]