National News
Bluestone in talks with Peak XV Partners, Steadview Capital Think Investments for Pre-IPO Round
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
The pre-IPO round will combine share sales by early investors with new capital, aiming to value the omnichannel retailer at approximately Rs 7,500 crore ($900 million) before the infusion, as per the report.
Venture capital firm Peak XV Partners will reportedly invest around Rs 415 crore in the round. A source speaking to the Economic Times said, “Peak XV is in talks to lead the funding amid a wider inclination for venture funds to tap domestic brands and offline retailers.”
Further, some family offices via special-purpose vehicles might also reportedly participate in the round. The round is expected to be closed in the next few days.
In September 2023, Bluestone raised $65 million from a group of investors at a valuation of $410 million.
National News
Kalyan Jewellers Invests Rs 350 Crore In Its Wholly Owned Subsidiary Candere
The Company Said The Capital Infusion Is Entirely For Repayment Of The Loan Extended By Kalyan Jewellers To Candere. The Investment Will Also Enable Candere To Repay Or Prepay Certain Outstanding Borrowings.
Jewellery retailer Kalyan Jewellers India Ltd said it has invested Rs 350 crore in its wholly owned subsidiary Candere Lifestyle Jewellery Pvt Ltd through subscription to 17.5 lakh equity shares on a rights issue basis.
Kalyan Jewellers subscribed to 17,50,000 equity shares with a face value of Rs 10 each at a premium of Rs 2,000 per share, taking the total investment to Rs 350 crore. The allotment of the shares was completed on September 19, 2026.
The company said the capital infusion is entirely for repayment of the loan extended by Kalyan Jewellers to Candere. The investment will also enable Candere to repay or prepay certain outstanding borrowings. There will be no change in Kalyan Jewellers’ shareholding in Candere, which will continue to be a 100% wholly owned subsidiary.
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