Warburg Pincus arm offloads 2.36% in India's Kalyan Jewellers for $155m

Warburg Pincus arm offloads 2.36% in India's Kalyan Jewellers for $155m

Kalyan Jewellers chairman TS Kalyanaraman. Photo: Bloomberg

A Warburg Pincus affiliate will sell 2.36% of its stake in Kalyan Jewellers for 13 billion rupees ($155 million) to another large stakeholder at a 2% discount to Wednesday’s closing price, the Indian company said.