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Tribhovandas Bhimji Zaveri : Warburg Pincus-backed India s Kalyan Jewellers seeks $160 million in IPO

Message : Required fields MUMBAI (Reuters) - Warburg Pincus-backed Kalyan Jewellers said it aimed to raise 11.75 billion rupees ($161 million) to use as working capital through an initial public offering (IPO) next week. Kalyan, leader of a domestic market that also includes Titan, Tribhovandas Bhimji Zaveri Ltd. and regional players, opened its first showroom in the southern state of Kerala in 1993 and now has 107 showrooms in India and 30 stores in the Middle East. The IPO comprises a fresh issue of equity shares of up to 8 billion rupees and an offer for sale of shares worth 3.75 billion by promoters and existing shareholders, the company said in a statement.

Kalyan Jewellers IPO: India s Biggest Jeweler IPO Opens Next Week as Economy Recovers

Kalyan Jewellers IPO: India s Biggest Jeweler IPO Opens Next Week as Economy Recovers
ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.

Online Jewellery Market To Witness Huge Growth By 2026 | Tata, Kalyan Jewellers, Bhima Jewellers

Online Jewellery Market To Witness Huge Growth By 2026 | Tata, Kalyan Jewellers, Bhima Jewellers
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Rally Continues In The New Year Amid Supportive Cues; Midcaps Shine

Ravinder Heights Ltd leads losers in B group

Tribhovandas Bhimji Zaveri Ltd, HLV Ltd, Rattanindia Power Ltd and Oswal Green Tech Ltd are among the other losers in the BSE s B group today, 08 January 2021. Tribhovandas Bhimji Zaveri Ltd, HLV Ltd, Rattanindia Power Ltd and Oswal Green Tech Ltd are among the other losers in the BSE s B group today, 08 January 2021. Ravinder Heights Ltd tumbled 9.91% to Rs 30.45 at 14:33 IST.The stock was the biggest loser in the BSE s B group.On the BSE, 97700 shares were traded on the counter so far as against the average daily volumes of 31884 shares in the past one month. Tribhovandas Bhimji Zaveri Ltd crashed 9.21% to Rs 85.3. The stock was the second biggest loser in B group.On the BSE, 4.49 lakh shares were traded on the counter so far as against the average daily volumes of 2.38 lakh shares in the past one month.

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