Kalyan Jewellers India Ltd., one of India’s largest jewellery retailers, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO) to raise ₹1,750 crore.

The IPO comprises a fresh issue aggregating up to ₹1,000 crore and an offer for sale aggregating up to ₹750 crore, including up to ₹250 crore by promoter selling shareholder T.S. Kalyanaraman and up to ₹500 crore by investor selling shareholder Highdell Investment Ltd., a private equity fund managed by Warburg Pincus, which has 24% stake in Kalyan Jewellers and has so far invested ₹1,700 crore.

Proceeds from the fresh issue will be used to meet working capital needs and general corporate purposes.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here