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PC Jeweller to raise up to Rs 427 crore from DVI Fund Mauritius

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To expand its business, Ltd has decided to raise up to Rs 427 crore from through debentures.

Rajesh Exports bags export order worth Rs 1,188 cr
The export order is for a designer range of gold and diamond-studded jewellery and medallions

The proceeds will be utilised as capital expenditure for future expansion. The company has been adding 15-20 stores every fiscal and is also planning to set up new manufacturing faculties. The company currently has three factories and 60 retail stores across the country.

The US-based DVI Mauritius is the existing investor and has around 4 per cent stake in the company.

In February, PC Jeweller had acquired premium bridal gold jewellery brand AZVA from the World Gold Council (WGC) for an undisclosed amount.