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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