Kalyan Jewellers’ promoters to raise Rs 2,500-crore debt to boost equity stake – ET Retail

Kalyan Jewellers India’s promoter, Trikkur Sitarama Iyer Kalyanaraman, and promoter group are in talks with Motilal Oswal and 360 One to raise ₹2,000-2,500 crore in high-yield debt, according to people familiar with the matter. The funds will be used to increase their equity stake in the jewellery retailer, they said. “Kalyan Jewellers’ promoters are in…

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PE firm Warburg Pincus sells 6.45% in Kalyan Jewellers for Rs 3,584 cr – ET Retail

New Delhi: Private equity major Warburg Pincus on Thursday sold a 6.45 per cent stake in jewellery retailer Kalyan Jewellers for Rs 3,584 crore via open market transactions. Meanwhile, the Singapore government, Fidelity, Nomura, HSBC Mutual Fund (MF) and Citigroup Global Markets acquired stakes in the company. US-based Warburg Pincus through its affiliate Highdell Investment…

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