@PC_Jeweller_L Limited is raising R609 Cr through IPO by offering 45,133,500 shares which constitutes 25.2% of the post issue paid-up equity capital. The fund raise will be used to finance establishment of new showrooms and for general corporate purpose.
The Company has set the price band of R125-135 for the issue which will be open from 10th December to 12th December’12.
Incorporated in 2005 by Padam Chand Gupta and Balram Garg, PCJL is engaged in the business of manufacturing and selling of gold and diamond-studded jewellery to wholesale /retail customers in domestic and export markets.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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