PC Jeweller plans to raise up to Rs 2,705 crore through share warrants issuance for bank loan repayment and working capital.
PC Jeweller Ltd plans to raise up to Rs 2,705 crore through preferential issue of share warrants to promoters and investors, primarily for settling bank loans and working capital requirements. Promoters will contribute around Rs 850 crore by subscribing to the warrants. The funds will be allocated with 75% for bank loan repayment and the remaining 25% for working capital.
July 14, 2024
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