Warburg Pincus Sells Major Stake in Kalyan Jewellers

Private equity firm Warburg Pincus sold a 6.45% stake in Kalyan Jewellers for Rs 3,584 crore through open market transactions. Singapore government, Fidelity, Nomura, HSBC Mutual Fund, and Citigroup Global Markets acquired new stakes. The transaction marks one of the final steps in Warburg Pincus’s strategic exit plan.

Private equity major Warburg Pincus on Thursday sold a 6.45 per cent stake in jewellery retailer Kalyan Jewellers for Rs 3,584 crore via open market transactions.

The shares were acquired by major investors including the Singapore government, Fidelity, Nomura, HSBC Mutual Fund, and Citigroup Global Markets.

This transaction is seen as one of the final steps in Warburg Pincus's planned divestment process, which began with their initial 30 per cent stake prior to Kalyan Jewellers' IPO.

(With inputs from agencies.)