Kalyan Jewellers to invest ₹42 crore to complete Candere buyout
Kalyan Jewellers said on June 3 it will acquire the remaining 15% stake in its e-commerce subsidiary Enovate Lifestyles, which operates under the brand Candere, for ₹42 crore. The deal, to be completed in three tranches, will make Candere a wholly owned unit as Kalyan Jewellers shifts focus from pure e-commerce to an omnichannel strategy,…
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