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

PC Jeweller Ltd's Board of Directors has approved a significant capital raise of up to ₹1,000 crore through a Qualified Institutions Placement (QIP). The company also approved an increase in its authorized share capital from ₹1,310 crore to ₹1,460 crore, by creating an additional 150 crore equity shares. This move aims to fuel growth and expansion initiatives. The decision will be put forth for member approval via postal ballot. A dedicated QIP committee will be formed to manage the process, including appointing intermediaries and finalizing terms.