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Warburg Pincus Sells 2.26% Stake in Kalyan Jewellers for INR 256.67 Crore

Warburg Pincus, a US-based private equity firm, has sold a 2.26% stake, or 23.3 million shares, in Kalyan Jewellers India through a block deal on the National Stock Exchange (NSE) for INR 256.67 crore. The shares were sold by Highdell Investments, an entity controlled by Warburg Pincus, at a price of INR 110.04 apiece, according to data on the exchange. The names of the buyers have not been disclosed. Warburg Pincus, through Highdell Investments, held a 26.36% stake in the company as of December 31, 2022. Kalyan Jewellers was listed in March 2021, and Warburg Pincus sold a stake worth INR 250 crore in the company.

Courtesy : ET

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