Kalyan Jewellers will employ the additional funding to support its expansion plans and acquisition opportunities, as per reports. Kalyan plans to increase its stores to 200 in the next three years, enter new markets of Saudi Arabia, Bahrain, Oman, Singapore and Malaysia and step up its domestic presence in Mumbai, Delhi, West Bengal, Rajasthan, Odisha and the southern states, and reach out to Uttar Pradesh and Madhya Pradesh markets, reports add.
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