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Kalyan Jewellers plans to raise INR 1,175 crore through public offering


TS Kalyanaraman,
Founder Kalyan Jewellers
Kalyan Jewellers backed by Warburg Pincus the equity partner has opened one of the largest public offering in recent times. Flowing along with continued upward stock market graph in the post pandemic era Kalyan has announced a mammoth Rs 1,175 crore public offering with a price band of Rs 86 - 87 range fixed.

Kalyan Jewellers initiated its operations from Thrissur Kerala in 1993 has witnessed phenomenol growth in India Uae and parts of Middle East.

The public offer will be used for working capital, debt restructuring, and other operational purposes.

The offering closes on March 18 2021.