Jewellery manufacturer Fine Jewellery India Ltd. has outlined an expansion venture worth around Rs.115 crore ($26.8 million), as reported by PTI. To fund this venture, the company has proposed to raise $25 million through private equity within the next six months, and float an initial public offering (IPO) for additional funds. %% The funds will be employed in enhancing its manufacturing facilities and the reach of its domestic retail division. Presently, it retails its in-house brand ‘Nirvana’. It has planned to open 30 jewellery outlets across India in the following three years. Also, its current manufacturing capacity from the present of 1 million jewellery pieces and an installed capability to employ 500,000 million carats of diamonds a year. The company is based in Mumbai, India.