Kalyan Jewellers India Pvt. Ltd. ('Kalyan Group') is holding separate talks with Temasek Holdings (Private) Limited; TPG Capital, L.P.; and The Blackstone Group L.P. (NYSE:BX) to sell a minority stake for $200 to $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 time frame for the conclusion of the deal," said one of the sources. Ramesh Kalyanaraman, Executive Director of Kalyan Group, said that the company is in talks with various investors, but declined to name them or provide details. According to Reuters, Temasek, TPG, and Blackstone Group LP each declined to comment.