New Delhi, March 7 -- Small-cap jewellery stock Motisons Jewellers will remain in focus on Monday, March 9, after the company declared plans to raise Rs.350 crore in funds through the issuance of fresh shares and an increase in authorised capital.

On Friday, jewellery stock ended the session 1.91%, closed at Rs.14.41 apiece on NSE.

In an exchange filing, Motisons Jewellers informed that the board considered and approved raising of Rs.350 crore funds through the issuance of fresh shares via preferential allotment, rights issue or private placement, including a Qualified Institutions Placement or any other permissible mode or combinations thereof.

The company further said that the board also approved increasing the authorised share capit...