PC Jeweller raises Rs 427 crore from DVI Fund Mauritius

1e3bd sizedownsmall PC Jeweller raises Rs 427 crore from DVI Fund Mauritius1e3bd sizeupsmall PC Jeweller raises Rs 427 crore from DVI Fund Mauritius
 PC Jeweller raises Rs 427 crore from DVI Fund MauritiusFor its business expansion plans, PC Jeweller Ltd raised Rs 427 crore from DVI Fund Mauritius, as per reports. The funds were raised through allotment of compulsorily convertible debentures. In a recent company meeting, the board of directors of the company allotted 42,69,984 compulsorily convertible debentures with face value of Rs 1,000 to DVI Fund (Mauritius) Ltd., for a total sum of Rs 426,99,84,000, as per reports. The conversion rate has been fixed at Rs 380.

Also, the board last month approved the issue of compulsorily convertible debentures for a total sum of up to Rs 427 crore through preferential allotment on private placement basis to DVI Fund Mauritius. The company is planning to expand its retail and manufacturing set up. Stock price of the company rose Rs 3.90, or 1.10 percent on May 25, closing at Rs 358.60, reports say.



88a39 facebookrnd PC Jeweller raises Rs 427 crore from DVI Fund Mauritius


b9773 twitterrnd PC Jeweller raises Rs 427 crore from DVI Fund Mauritius


b9773 linkedin PC Jeweller raises Rs 427 crore from DVI Fund Mauritius


b9773 rssrnd PC Jeweller raises Rs 427 crore from DVI Fund Mauritius


41d0c emailrnd PC Jeweller raises Rs 427 crore from DVI Fund Mauritius


41d0c printrnd PC Jeweller raises Rs 427 crore from DVI Fund Mauritius



e55ce pinterest PC Jeweller raises Rs 427 crore from DVI Fund Mauritius


e55ce googleplus PC Jeweller raises Rs 427 crore from DVI Fund Mauritius









3ec69 rss icon PC Jeweller raises Rs 427 crore from DVI Fund Mauritius

3ec69 emailcms PC Jeweller raises Rs 427 crore from DVI Fund Mauritius
b0ed2 print2 PC Jeweller raises Rs 427 crore from DVI Fund Mauritius


3ec69 rss icon PC Jeweller raises Rs 427 crore from DVI Fund Mauritius

3ec69 emailcms PC Jeweller raises Rs 427 crore from DVI Fund Mauritius
b0ed2 print2 PC Jeweller raises Rs 427 crore from DVI Fund Mauritius

c0893 closepopup PC Jeweller raises Rs 427 crore from DVI Fund Mauritius

c0893 logo320 PC Jeweller raises Rs 427 crore from DVI Fund Mauritius

6b16a closebuttonsmall PC Jeweller raises Rs 427 crore from DVI Fund Mauritius

Comments are closed.