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Highdell Investment sells 6.2% Kalyan Jewellers' stake for ₹725 cr
short by Srishty Choudhury / on Saturday, 17 June, 2023
US-based Warburg Pincus-owned Highdell Investment divested a 6.2% stake in Kalyan Jewellers India for ₹725 crore. Franklin Templeton Mutual Fund, Sundaram MF, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius and Employees Provident Fund were among the buyers of Kalyan Jewellers' shares. After the deal, Kalyan Jewellers' shares rose by 17.16% to close at ₹133.80 apiece on NSE on Friday.
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