Editor’s Note
Promoters of Kalyan Jewellers have been steadily increasing their stake in the company, purchasing 465,000 shares on Tuesday alone. Since February 9, their total open-market acquisitions have reached 925,000 shares.
Promoters Increase Stake
The promoters of jewelry company Kalyan Jewellers India Ltd. are continuously buying additional shares from the open market. The promoters purchased 465,000 shares on Tuesday. Since February 9, they have bought a total of 925,000 shares.
Trigger for Buying Spree
The series of purchases by the promoters began after the company’s strong quarterly results for the December quarter.