Why Warburg Pincus may have a dull partial exit from Kalyan Jewellers via IPO

Private equity firm Warburg Pincus plans to sell a portion of its stake in Kalyan Jewellers India Ltd through the company’s proposed initial public offering (IPO), likely generating below-average returns on its six-year investment. India’s second biggest branded jewellery retail chain filed its draft prospectus with the Securities and Exchange Board ......