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2024

Kalyan Jewellers’ promoters to raise Rs 2,500-crore debt to boost equity stake

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Kalyan Jewellers India's promoter held discussions with Motilal Oswal and 360 One to secure ₹2,000-2,500 crore in high-yield debt. These funds are intended to boost their equity stake in the company. The proceeds from this debt will partly finance the acquisition of shares from Warburg Pincus.