National News
GJEPC is Title Partner of IIJS Jewellers Cricket League
GJEPC is proud to be the Title Partner of the highly anticipated IIJS-JCL (Jewellers Cricket League), which kicked off on 11Apr at the state-of-the-art Cricket Hub Ground, strategically located on the Banur-Landran Highway in Mohali. Representing GJEPC at this exciting event are esteemed officials Shamal Pote, Director along with team Pranabes Hazra and S. Madaan. Together, they will showcase the Council’s dynamic activities and promote its initiatives to a wider audience, underscoring GJEPC’s commitment to innovation and community engagement.
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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Kalyan Jewellers Invests Rs 350 Crore In Its Wholly Owned Subsidiary Candere
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