Hydel Investments to Promote 2.36% Stake in Kalyan Jewellers for ₹1,300 Crore: Implications for Market and Traders
Overseas investor Hydel Investments is all set to promote its stake in Kerala-based main jewelry group Kalyan Jewellers. 2.36% (2.42 crore) shares of Kalyan Jewellers promoter T. S.Kalianaraman sale Based on Kalyan Jewellers’ submitting with the inventory exchanges, the deal is price Rs 1,300 crore at Rs 535 per share. As of June 30, Hydel holds a complete stake of 9.1% in Kalyan Silks.
After the transaction, the promoter and the promoter group’s shareholding within the firm will enhance from 60.59% to 62.95%.
Kalyan shares closed the commerce right now with a achieve of 1.27%. The share value was Rs 548.15. Kalyan shares have given buyers a achieve of 51.57% this yr. Kalyan Jewellers is an organization with a market capitalization of Rs 56,493 crore.
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