The proceeds will be utilised as capital expenditure for future expansion. The company has been adding 15-20 stores every fiscal and is also planning to set up new manufacturing faculties. The company currently has three factories and 60 retail stores across the country.
The US-based DVI Mauritius is the existing investor and has around 4 per cent stake in the company.
In February, PC Jeweller had acquired premium bridal gold jewellery brand AZVA from the World Gold Council (WGC) for an undisclosed amount.