Highdell Investment, owned by U.S. private equity major Warburg Pincus, has offloaded 6.66% stake in Kalyan Jewellers India Ltd. for Rs 2,317 crore on Thursday.
Highdell sold a 3.72% stake at Rs 339.59 apiece and another 2.94% for Rs 334 per share, according to bulk deal data from the National Stock Exchange.
Motilal Oswal Mutual Fund bought a 1.74% stake at Rs 344.2 apiece and Nomura Funds Ireland PLC Nomura Funds Ireland India Equity Fund bought a 0.52% stake at Rs 334 apiece, according to the NSE.
Among other buyers, the Master Trust Bank of Japan Ltd. and Ac Nomura India Investment Fund Mother Fund bought 1.26% stakes at Rs 334 each.
Earlier in the day, Bloomberg reported that Kalyan Jewellers had 6.7% equity change hands in multiple large trades.
As of December, Highdell held 17.59% stake in the jewellery company, according to data from the BSE.
Kalyan Jewellers' stock rose as much as 9.3% during the day to Rs 368.7 apiece on the NSE. It closed 4.39% higher at Rs 352.05 per share, as compared with a 0.97% decline in the benchmark Nifty 50.
RECOMMENDED FOR YOU
Visa Firm VFS Up For Sale At $7-Billion Valuation As Blackstone Looks To Pare Stake
Sep 13, 2024
SMALLCAP World Fund Sells 5.9% Stake In Mastek
Sep 09, 2024
Kalyan Jewellers Shareholder Divests 6.45% Stake For Rs 3,584.5 Crore
Aug 22, 2024
Kalyan Jeweller Promoter To Acquire Stake Worth Rs 1,300 Crore From Warburg Pincus Entity
Aug 21, 2024
POPULAR