05 Dec 2022
DiamondWorld Directory
Home |
PC Jeweller to raise around Rs. 427 crore through debentures
Will issue the debentures to DVI Fund Mauritius
By: Diamond World News Service
Apr 8 2016 9:57AM
Reference: 12879  

Leading Indian jewellery house PC Jeweller Ltd is raising additional capital for its expansion plans. In this vein, the company is considering raising around Rs. 427 crore through debentures from DVI Fund Mauritius who currently is also an investor in PC Jeweller, reports say. DVI Mauritius is a US-based company and holds around 4 percent stake in PC Jeweller. Post the issue of debentures, its stake in PC Jeweller is expected to increase.

PC Jeweller would employ the funds as capital expenditure for its expansion. It intends to increase its present manufacturing set up of three factories with additional facilities. It is continuing to increase its retail presence by adding 15-20 stores to its current retail store count of 60, as per reports.

At a recent company meeting, its board of directors gave the nod to issue the compulsorily convertible debentures for an aggregate amount of up to Rs. 427 crore through preferential allotment on private placement basis to DVI Fund Mauritius Ltd. The allotment is subject to necessary approvals, reports add.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32020
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9525
GJEPC Chairman Interview
Views: 28127
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39363
Promo for IJ Awards 2012 at NDTV Profit
Views: 57064
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68559
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21882
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50924
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53111
Member of:
Supporter of: