Kalyan Jewellers Invests Rs 350 Crore in Candere to Strengthen Balance Sheet

Kalyan Jewellers, one of India's leading jewellery retail chains, has announced a Rs 350 crore investment in Candere, its jewellery platform subsidiary, marking a significant capital infusion into the company's operations.

The investment will be utilised by Candere to repay or pre-pay certain outstanding borrowings, thereby reducing its debt burden and strengthening its balance sheet. The move reflects Kalyan Jewellers' commitment to consolidating its subsidiary's financial health and operational efficiency.

Candere operates as an online and omnichannel jewellery retailer within the Kalyan Jewellers group, catering to customers seeking digital shopping experiences alongside traditional retail touchpoints. The capital injection is expected to enhance the platform's ability to pursue growth initiatives while managing its financial obligations more effectively.

The investment underscores the parent company's strategic focus on building a diversified jewellery retail ecosystem across multiple consumer segments and distribution channels. By strengthening Candere's financial foundation, Kalyan Jewellers aims to position the subsidiary for sustainable expansion in the competitive jewellery market.