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Kalyan Jewellers Completes Acquisition of Candere's Remaining Stake

Kalyan Jewellers Completes Acquisition of Candere's Remaining Stake

Kalyan Jewellers India has acquired the remaining stake in its online jewelry platform, Candere, making it a wholly-owned subsidiary. This move, aimed at strengthening Kalyan's digital presence, underscores the growing importance of e-commerce in the jewelry sector. Initially, Kalyan held a 60% stake in Candere and has now purchased the remaining 40% from its founders. This acquisition is expected to enhance customer reach and streamline operations, leveraging Candere's strong online platform to complement Kalyan's extensive offline retail network.



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