Highdell Investment sells 2.26% stake in Kalyan Jewellers for Rs 256 cr ...Middle East

Business Standard - Economy
Highdell Investment sells 2.26% stake in Kalyan Jewellers for Rs 256 cr
source : Business Standard ( Middle East ) () 41
Highdell Investment, which is owned by private equity major Warburg Pincus, on Tuesday divested 2.26 per cent stake in Kalyan Jewellers India Ltd for little over Rs 256 crore through an open market transaction. Following the deal, shares of Kalyan Jewellers plunged 9.06 per cent to settle at Rs 107.9 on the National Stock Exchange (NSE). According to bulk deal data available with the NSE, Highdell Investment sold a total of 2,33,25,686 shares of the jewellery chain company, amounting to 2.26 per cent stake in the company. The shares were offloaded at a price of Rs 110.04 apiece, taking the transaction size to Rs 256.67 crore, as per the data. However, the buyer of the shares could not be asc

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