PC Jeweller Limited to Raise Up to ₹1,000 Crore Through Qualified Institutions Placement
PC Jeweller Limited has announced plans to raise funds up to an aggregate amount of ₹ 1,000 crore through a Qualified Institutions Placement (QIP). The company intends to issue equity shares with a face value of ₹ 1/- each, or other eligible securities, in one or more tranches.To facilitate this capital infusion, the Board of Directors has approved the creation of an additional 150 crore equity shares of ₹ 1/- each. This expansion will result in an increase in the company's authorised share capital from ₹ 1,310 crore to ₹ 1,460 crore.Capital Structure Adjustments
The increase in authorised share capital involves a significant adjustment to the...