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Kalyan Jewellers filed sell share for ₹1,750 Crores
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Kalyan Jewellers India Ltd, one of the largest gold retailers in the country. On Monday filed the draft prospectus for its initial public offering. That will see the organization and its shareholders sell shares worth ₹1,750 crores.
Kalyan Jewellers plans to raise ₹1,000 crores by selling new shares to fund business growth. While its promoter T.S. Kalyanaraman and private equity firm Warburg Pincus, plan to sell shares worth ₹250 crores and ₹500 crores, respectively.
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