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Warburg Pincus announces Rs 500 crore investment in Kalyan Jewellers

Warburg Pincus announces Rs 500 crore investment in Kalyan Jewellers

Monday, April 3, 2017, 10:38 PM

US private equity firm, Warburg Pincus has agreed to invest Rs 500 crore in Kalyan Jewellers, taking its total commitment to the Kerala-based gold retailer to Rs 1,700 crore. The second round of investment comes at a time when the company is looking to grow its distribution network exponentially in India and expand its overseas operations, Kalyan said in a statement.
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