Kalyan Jewellers stock jumps as FII eyes 10% subsidiary stake
Kalyan Jewellers is in the spotlight as Warburg Pincus is reportedly discussing a 10% stake buy in its lifestyle jewellery brand, Candere, for around ₹800-850 crore. The deal may include existing shares and new equity, aiming to expand Candere's presence in India, marking Warburg Pincus return after fully exiting last year.