PC Jeweller share price in focus after the multibagger stock announces board meeting to consider QIP; check date

PC Jeweller shares rose 2 percent to around Rs 10.13 on BSE after the company announced its board will meet on July 16, 2026 to consider raising funds through a Qualified Institutions Placement (QIP). The jewellery retailer said the proceeds will be used primarily for business expansion and strategic growth initiatives, as it expects to complete repayment of its remaining debt obligations during the current quarter through an earlier preferential warrant issue and internal accruals. The board will also finalise appointment of intermediaries and seek shareholder approvals for the proposed fundraise.