Kalyan Jewellers Archives - Inside Retail Asia

Kalyan Jewellers India looking at IPO

Kalyan Jewellers India is considering an IPO to raise funds to expand its store network internationally.

Kalyan Jewellers plans IPO

Indian retailer Kalyan Jewellers is planning an IPO to raise capital for expansion.

Indian jeweller to get $200m boost

A US private equity firm has invested $200 million into a rising Indian jewellery retailer. Warburg Pincus has agreed to buy a minority, but significant, stake in Kalyan Jewellers according to reports from Reuters on Monday. The investment follows discussions between Kalyan’s owners and several private equity firms underway as early as March of this year. The cash will be used to fund an expansion of the retail network. Headquartered in Thrissur city, Kerala, Kalyan Jewellers is In…

Warburg Pincus eyes stake in Kalyan Jewellers

American private equity company Warburg Pincus is to take stake in India’s Kalyan Jewellers. Warburg Pincus is reportedly in final negotiation to invest around $200 million to buy a minority stake in the chain. “The negotiation with Warburg Pincus is in final stage and is likely to consummate early next month,” said a person knowledgeable with the negotiation. “Singapore-based Temasek is the only other PE firm left in the race for minority stake in Kalyan Jewellers,” added the source. …

Indian jeweller expands

Indian jeweller Kalyan Jewellers plans more store openings across the Middle East and Southeast Asia. In the UAE alone, seven new stores will be opened simultaneously in December, each between 2000 sqft and 4000 sqft. Domestically, it will open 11 new stores before the year ends including a store in Ludhiana opening this month. It says it won’t be affected by the curb on gold imports. “On July 22, Reserve Bank of India had insisted on exporting 20 per cent of the gold imported. As we…