Promoter TS Kalyanaraman is selling shares worth Rs 125 crore and Warburg Pincus is selling shares worth Rs 250 crore in the IPO
Kalyan Jewellers India Ltd on Thursday fixed a price band of Rs 86-87 a share for its Rs 1,175 crore-initial share-sale, which will open for public subscription on March 16
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Sebi''s observations are necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO) and rights issue
The company expects the coronavirus pandemic to provide it a competitive edge over its competitors in the unorganised sector in the long run
Kalyan Jewellers India Ltd. said Monday it plans to raise as much as Rs 17.5 billion ($235 million) through a public listing as it banks on the long-term appeal of gold
Issue involves fresh fundraise of Rs 1,000 cr and Rs 750 cr secondary share sale by promoter T S Kalyanaraman and PE firm Warburg Pincus
Expanding the Board of Directors, the company further appointed Salil Nair as Non-Executive Director, while Anil Nair was named as Independent Director
Jewellery offtake down to 15-20% of May sales in the previous years
As Kalyan Jewellers looks to quell an angry crowd, brands struggle to get the tone right in a fractious environment
The firm has blamed a section of unnamed competitors as well as maleficent parties
Kalyan Jewellers at present has 122 company-owned stores, of which 90 are in India and 32 are in the Middle East, including Kuwait, Qatar, Oman and the UAE
The company, which already operated a company owned retail store in Noida, on Wednesday announced to launch its 116th outlet in Lucknow
The company sees huge potential in the Middle East, especially Dubai
Warburg Pincus -backed Kalyan Jewellers today announced the acquisition of online jewellery firm Candere (www.candere.com). The company did not disclose the value of the deal. The acquisition will augment Kalyan Jewellers presence in the growing online jewellery segment, said the company.Kalyan Jewellers will acquire the equity held by Singularity Strategic, the family office of Brijesh Chandwani and Subram Kapoor. As part of the transaction Kalyan Jewellers will complete a phase wise acquisition of the equity held by founder promoter Rupesh Jain, apart from making a significant investment into the company, to drive its next phase of business. This is Kalyan Jeweller's first strategic move of its kind as the company continues to pursue aggressive growth plans, both organically and inorganically. Established in 2013, Candere sells jewellery online in India, USA and UK. It has a portfolio of over 4,000 designs including a strong offering in the high growth diamond jewellery segment. ...
The company plans to open 20 showrooms this financial year