PC Jeweller has received approval to raise up to Rs 500 crore equity from promoters and Capital Ventures to prepay its loan, as part of its plan to become debt free by the end of this fiscal. The company’s board in its meeting held on July 10, 2025, has approved raising of funds up to Rs 500 crore by way of preferential allotment on private placement basis.
The board approved issuing and allotting up to 9.72 crore fully convertible warrants convertible into equivalent number of fully paid-up equity shares of the company to the promoter Balram Garg at an issue price of Rs 18 per warrant. It also approved issuing and allotting up to 18.05 equity shares of the company to Capital Ventures (Non Promoter, Public) at an issue price of Rs 18 per share.
PC Jeweller is one of the leading jewellery companies in India in the organized retail sector.
