PC Jeweller Limited announced a private placement to issue Fully Convertible Warrants for a gross proceeds of INR 1,250,000,000 on April 16, 2024. The transaction was approved by board of directors and remains subject from members and other necessary approval. The offering is made on preferential basis.

The transaction includes participation from New Track Garments Private Limited. The conversion of warrants is within 18 months from the date of allotment of such Warrants. The aggregate amount is up to 5,000,000,000.