Kalyan Jewellers has announced that American private equity firm Warburg Pincus has invested an additional Rs 500 crore in the company.

The company has said in a statement that the proceeds are going to be used for expansion of its network in both domestic and overseas market.

T S Kalyanaraman, Chairman and Managing Director of Kalyan Jewellers has said in a statement that “The investment by Warburg Pincus is a vindication of the strong growth trajectory of the company.”

He further said that the company aims to nearly double its presence to 200 plus showrooms using a combination of equity, debt and internal accruals.

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