Investment19 Sept 2026, 02:35 pm
Kalyan Jewellers invests ₹350 Cr in subsidiary Candere via Rights Issue
AI Summary
Kalyan Jewellers India Ltd has invested ₹350 Crore in its wholly-owned subsidiary, Candere Lifestyle Jewellery Pvt Ltd, through a Rights Issue. The investment involved subscribing to 1,750,000 equity shares at a premium, with the primary objective for Candere to repay an outstanding loan extended by Kalyan Jewellers. This transaction, completed on September 19, 2026, is classified as a related party transaction but is at arm's length and exempt under SEBI regulations. Candere will continue to be a 100% wholly-owned subsidiary, with no change in the parent company's shareholding percentage. Candere's net worth as of March 31, 2026, was ₹(325.14 million) with a turnover of ₹4253.66 million.
Key Highlights
- Kalyan Jewellers invested ₹350 Cr in its wholly-owned subsidiary Candere.
- The investment was made via a Rights Issue of 1,750,000 equity shares.
- Funds are for Candere to repay a loan from the parent company.
- Candere remains a 100% wholly-owned subsidiary post-investment.
- The transaction was completed on September 19, 2026.
Price Impact
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