Kalyan Jewellers India Limited
Franklin Templeton Mutual Fund trimmed its stake in Kalyan Jewellers India Limited from 1.64% to 1.45%, selling 19,08,315 shares.
A leading jewellery retailer in India, Kalyan Jewellers designs, manufactures, and sells gold, studded, and other jewellery products across multiple price segments to diverse customer bases. The company operates through an extensive network of retail outlets nationwide. Founded by its current Chairman and Managing Director, T.S. Kalyanaraman, it has established itself as one of the largest jewellery retailers in the country.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.