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Posted on Dec 08, 12:08PM | UNI
PC Jeweller Ltd today announced to open 20 more stores in different parts of the country during a period of two years.
Addressing a press conference here, PC Jeweller COO Ramesh Kumar Sharma said the company has opend six stores so far at various places since April this year.
He informed that seven stores would be added in the chain by March 2013.
Of them, five showrooms are in Rajasthan-Pali, Bhilwara, Ajmer, Beawar and Jodhpur, and two would come up in Jaipur and Ganganagar.
As many as 13 more stores would be opened during the next financial year (2013-14), taking the total number of showrooms up to 50, Mr Sharma said.
To fund the expansion programme, the company is going to hit the capital market with initial public offer, comprising 4.51 crore equity shares in price band of Rs 125 to Rs 135 per share, company president (finance) Sanjeev Bhatia.
The issue would open on December 10 and would close on Wednesday next, Mr Bhatia said.