Kalyan Jewellers sells Coimbatore land to Shivasakthi Real Estates for ₹86.16 crore
- Sold 783.25 cents of land in Coimbatore for ₹86.16 crore
- Buyer is Shivasakthi Real Estates, Chennai, a non-related party
- Transaction executed via Sale Deed on September 30, 2026
- No impact on ongoing business operations as land was idle
*this image is generated using AI for illustrative purposes only.
Kalyan Jewellers India completed the sale of land located in Coimbatore for ₹86.16 crore, with the transaction concluded on September 30, 2026.
Transaction details
The company confirmed that the land sale in Coimbatore was executed on September 30, 2026. Kalyan Jewellers India stated that its business operations remain unaffected following the completion of this transaction.
| Parameter | Details |
|---|---|
| Asset sold | Land in Coimbatore |
| Sale value | ₹86.16 crore |
| Transaction date | September 30, 2026 |
| Impact on operations | Unaffected |
Buyer and property specifics
The buyer of the immovable property is identified as Shivasakthi Real Estates, based in Chennai. The company disclosed that the purchaser does not belong to the promoter group or any group companies, ensuring the transaction is not a related party deal.
The land parcel is situated at Thudiyalur, Saravanampatty Road, Chinnavedampatty, Coimbatore District. It covers an area of approximately 783.25 cents. The sale was executed via a Sale Deed, and the consideration of ₹86.16 crore was received immediately upon completion.
Regulatory disclosures
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that the sale does not constitute an undertaking or substantially the whole of the undertaking under Section 180(1)(a) of the Companies Act, 2013. Additionally, the transaction falls outside any Scheme of Arrangement.
Historical Stock Returns for Kalyan Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.76% | -5.14% | -10.17% | +42.44% | +23.39% | +689.65% |
How will Kalyan Jewellers allocate the ₹86.16 crore proceeds, specifically regarding debt reduction versus capital expenditure for new store expansions?
What are Shivasakthi Real Estates' planned development projects for the 783.25-cent parcel in Coimbatore, and how might this impact local real estate valuations?
Does this asset divestment signal a broader strategic shift by Kalyan Jewellers to optimize its balance sheet by monetizing non-core real estate assets?
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