Kalyan Jewellers Infuses Rs 350 Crore Into Candere To Repay Inter-Company Loan
Kalyan Jewellers India Ltd has invested Rs 350 crore in its wholly owned subsidiary, Candere Lifestyle Jewellery Pvt Ltd., through a rights issue subscription of 17.5 lakh equity shares at Rs 10 each. The capital infusion will be used entirely to repay a loan extended by Kalyan Jewellers, and the transaction will not result in any change in the company's shareholding in Candere.
