“P C Jeweller will raise up to Rs 257 crore through issue of preferential shares to US-based investment firm Fidelity for business expansion,” reported the Economic Times.

Shardul Amarchand Mangaldas acted for PC Jeweller Limited with partner partner Prashant Gupta, who is national practice head of the capital markets group, and principal associate Apurva Rai.

Luthra & Luthra and Dechert represented Fidelity on Indian and non-Indian laws respectively.

Kotak Mahindra Capital Company was financial adviser.