Kalyan Jewellers India promoters, led by Trikkur Sitarama Iyer Kalyanaraman, will purchase a 2.36% stake from Warburg Pincus affiliate Highdell Investment Ltd. for ₹1,300 crore.
The deal, priced at ₹535 per share, will boost the promoter group's shareholding from 60.59% to 62.95%. This follows Warburg Pincus's previous sale of an 8.4% stake earlier this year for ₹2,931 crore. Initially holding 32% of Kalyan Jewellers, Warburg Pincus has gradually reduced its stake, now down to 9.17%. Shares of Kalyan Jewellers rose 2.60% to ₹556 on the NSE.