PC Jeweller seeks shareholders' approval to raise Rs 427 crore

18 Apr 2016

PC Jeweller, one of the largest jewellery retailers in India has sought shareholders' approval to raise up to Rs 427 crore through issuance of debentures to DVI Fund Mauritius. The proceeds will be utilised as capital expenditure for future expansion. The company has called an Extra-ordinary General Meeting (EGM) on May 9 to take shareholders' nod through special resolution.

PC Jeweller is one of the leading jewellery companies in India in the organized jewellery retail sector. Its operations include the manufacture, retail and export of jewellery. The company has developed a strong brand in north and central India markets.

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