Transaction

Warburg Pincus exits Kalyan Jewellers, sells 2.36% stake to promoter TS Kalyanaraman

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Warburg Pincus exits Kalyan Jewellers, sells 2.36% stake to promoter TS Kalyanaraman

Private equity firm Warburg Pincus on Thursday exited Kalyan Jewellers, selling 2.36% stake in the company to promoter T S Kalyanaraman and the remaining 6.81% via block deal. The US-based company held 9.17% in Kalyan Jewellers as on June 30, 2024 through its affiliate Highdell Investment. It held the stake since 2014. Commenting on the … Read more

Sebi’s new guidelines on market rumour to help in fair pricing of M&A, other transactions: Experts

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Sebi’s new guidelines on market rumour to help in fair pricing of M&A, other transactions: Experts

Sebi’s new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday. Market rumours pertaining to a company’s business can create significant volatility in stock prices, … Read more