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Following IPO, Kalyan to Increase Stores Across India

Sonam Kapoor in a campaign image for Kalyan Jewellers. Kalyan Jewellers
Sonam Kapoor in a campaign image for Kalyan Jewellers. Kalyan Jewellers

India’s second-largest jewellery chain by market share, Kalyan Jewellers, which raised 1,175 crore rupees ($160.83 million) through an initial public offering (IPO) a fortnight ago, has announced it will increase its retail footprint by 13 percent in the first quarter of this year by adding 14 new showrooms, according to a Business Today report.

Kalyan Jewellers currently has 107 showrooms in India and 30 in the Middle East. With the addition of these new outlets, the company will have 151 locations. The focus is scaling up its operations in first tier cities, such as Chennai, Delhi, Mumbai and Hyderabad, but mid-size showrooms in second and third tier cities will also form part of the new retail mix, the company said.

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