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PE firm Warburg Pincus invests Rs 500 crore in Kalyan Jewellers

Total investment increases to Rs 1,700 cr, marking highest investment in jewellery sector in India

T E Narasimhan  |  Chennai 

Private equity firm Warburg Pincus has invested an additional Rs 500 crore in Kerala-based Kalyan Jewellers, taking the total investment in the jewellery chain to Rs 1,700 crore in the past three years. In 2014, an affiliate of Warburg Pincus had invested Rs 1,200 crore in Kalyan Jewellers, marking the highest investment in the jewellery sector in the country.

The second round of investment will support expansion plans for the next three years. Kalyan Jewellers is planning to build its presence in the central region of the country including Uttar Pradesh and Madhya Pradesh, and ...

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First Published: Tue, April 04 2017. 01:11 IST
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