Warburg Pincus to sell entire 9.17% stake in Kalyan Jewellers India

Quick Summary:

Shares of the jewellery retailer rose 9 per cent to end at Rs 597.

Over time, they have reduced their shareholding as part of a strategic exit plan,” Kalyanaraman said.

Kalyan came out with an IPO in March 2021, where shares were priced at Rs 87.

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Article Details

Category: BusinessFinance

Markets: IndiaSingapore

Topics: Warbug Pincus Jewellers Kalyan Jewellers Warburg stake in Kalyan jewellers Warburg Pincus

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 19:22:13 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 257 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22209659

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