PC Jeweller to Raise ₹1,000 Cr via QIP, Boosts Capital

PC Jeweller Ltd's Board of Directors has approved a significant fundraising initiative, planning to raise up to ₹1,000 crore through a Qualified Institutions Placement (QIP). This move is accompanied by an increase in the company's authorized share capital from ₹1,310 crore to ₹1,460 crore, involving the creation of 150 crore additional equity shares. The QIP will be conducted in one or more tranches, with the issuance of equity shares and/or other eligible securities. A dedicated QIP Committee has been formed to manage the process, including appointing intermediaries and finalizing terms. Shareholder approval for both the capital increase and the QIP will be sought via postal ballot.