PC Jeweller Limited approves fund raising proposal of Rs. 1500 crores

The Board of Directors of PC Jeweller Limited at its meeting held today i.e. March 22, 2024, has approved raising of funds aggregating up to ₹ 1500 crores (Rupees One Thousand Five Hundred Crore Only), by issue of equity shares and / or any convertible securities including but not limited to warrants, by way of Rights Issue, Qualified Institutions Placement, Preferential Issue or a combination thereof, subject to necessary regulatory, statutory and other approval(s), if any, in one or more tranches and / or one or more issuances simultaneously or otherwise, pursuant to the applicable provisions of the Companies Act, 2013, SEBI Rules & Regulations including LODR Regulations, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations") and enabling provisions in Memorandum and Articles of Association of the Company, and in such manner and on such price, terms and conditions in accordance with ICDR Regulations and / or other applicable laws.

Shares of PC Jeweller Limited was last trading in BSE at Rs. 56.37 as compared to the previous close of Rs. 55.66. The total number of shares traded during the day was 81575 in over 1041 trades.

The stock hit an intraday high of Rs. 57.50 and intraday low of 55.60. The net turnover during the day was Rs. 4613419.00.

Source : Equity Bulls

Keywords

PCJeweller INE785M01013 FundRaising