Warburg takes a shine to Kalyan Jewellers’ Candere

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Global private equity firm Warburg Pincus is in discussions with Kalyan Jewellers India to acquire about 10% stake in the Kerala-based company’s lifestyle brand Candere for Rs 800-850 crore, two people aware of the discussions told ET.

The New York-based growth investor will likely purchase part of this stake from Kalyan Jewellers, while the rest will be newly issued shares in Candere, one of the people said. Candere will use the proceeds from newly issued shares to expand its presence, he said.

“Kalyan Jewellers is in the process of rapidly…



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Warburg takes a shine to Kalyan Jewellers’ Candere


Global private equity firm Warburg Pincus is in discussions with Kalyan Jewellers India to acquire about 10% stake in the Kerala-based company’s lifestyle brand Candere for Rs 800-850 crore, two people aware of the discussions told ET.

The New York-based growth investor will likely purchase part of this stake from Kalyan Jewellers, while the rest will be newly issued shares in Candere, one of the people said. Candere will use the proceeds from newly issued shares to expand its presence, he said.

“Kalyan Jewellers is in the process of rapidly…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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