Kalyan Group in talks with investors to sell $200-$250 mn stake: report

Indian silk and jewellery retailer Kalyan Group is holding separate talks with Blackstone, TPG Capital Management and Temasek Holdings to sell a minority stake for $200-$250 million, two sources with direct knowledge of the matter told Reuters. The sources said the talks with the private equity firms were ongoing, and no decisions had been made as to the exact amount of the stake sale. "At this point in time, we cannot give a...