PC Jeweller Ltd agrees to raise funds of Rs 500 cr 

PC Jeweller Ltd is among the top jewellery brands in India. The company announced a new strategic initiative aimed at reinforcing its capital structure as well as ramping up its business recovery.

The Board of Directors sanctioned the raising of the authorised share capital to Rs 1,310 crore from Rs 1,260 crore by creating an additional 50 crore equity shares at the face value of Rs 1 each. Thus, in the company’s Memorandum of Association, there will be an amendment regarding the capital clause, which shall enable the company to implement its financial plans as well as add value in the long term.