Economic Times
NEW DELHI: Warburg Pincus is set to invest $200 million in Kalyan Jewellers for a minority stake in Kalyan Jewellers as the appetite for retail gold jewellery franchisee among private equity investors remains undiminished despite regulatory controls and higher import duties.
Kalyan Jewellers, one of the largest jewellers in the country, could also become one of the most valued as the deal is likely to value its business at $1.2- 1.4 billion. Warburg is set to outbid Singapore-based Tema ..