Kalyan Jewellers to invest Rs 1,000cr to open 20 stores in FY19
Kalyan Jewellers is also planning to open another 10 stores with an investment of Rs 500 crore in the last two quarters of FY19, and also enter the US market, he added. The funds for this expansion will be raised through internal accruals, Kalyanaraman said, adding that all the stores are company-owned. "The investment for expansion is being funded through internal accruals. There will not be any additional bank borrowings or capital dilution," he added.
Kalyan Jewellers is planning to invest Rs 1,000 crore to add 20 stores in the country and also enter the US market in this financial year, a senior company executive said. Image source: Reuters