This Company Allots Equity Shares following conversion of 3,46,78,285 warrants
PC Jeweller has allotted 34,67,82,850 equity shares with a face value of ₹1 each, following the conversion of 3,46,78,285 warrants. According to the instruction shared with the exchanges, the decision was made by the Board of Directors on July 25, 2025, and involves both 'Promoter Group' and 'Non-Promoter, Public Category' allottees.
According to the exchange filing, the allotment was made upon receiving ₹146.16 crore, which represents 75% of the issue price per warrant.
The conversion of warrants into equity shares was executed at an issue price of ₹56.20 per warrant. This price includes a premium of ₹4.62 per share, adjusted after the sub-division/split of the company's equity shares. The face value was split from ₹10 per share to ₹1 per share, effective December 16, 2024.
Following the allotment, the shareholding pattern has changed. The Promoter and Promoter Group now hold 39.38% of the shares, amounting to 272,56,79,480 shares, while the Public holds 60.62%, with 419,64,79,870 shares. Capital Raise and Debt Reduction
This capital raise is a part of PC Jeweller's strategy of growth and financial consolidation. The company has cut its debt substantially, which is down by 52% at Rs 2,151 crore from Rs 4,150 crore in March 2024.
The stock has posted impressive long-term gains, jumping almost 850% over the past five years. In fact, the stock is up a whopping 70% over the past year alone, though performance in recent weeks has been more uneven. Shares are up 20% over the past month, but the stock remains flat year-to-date, and up only 8% from six months ago.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
23 minutes ago
- New Indian Express
Cabinet approves six major projects, including 4 for strengthening rly link
In another decision, the Union Cabinet approved aid of Rs 2,000 to the NCDC over four years in Rs 500 crore tranches, beginning from the 2025-26 fiscal year, Vaishnaw said. According to officials, the NCDC will now be able to raise Rs 20,000 crore from the open market over these four years, which will be placed for granting loans to cooperative societies to set up new projects or carry out expansion plans. 'The government aims to benefit 2.9 crore members of 13,288 cooperative societies in various sectors,' the minister said, adding, the NCDC fund also aims to create income-generating capital assets, expected to boost employment opportunities across skill levels. Meanwhile, the CCEA has approved four railway multi-tracking projects covering 13 districts in Maharashtra, MP, West Bengal, Bihar, Odisha and Jharkhand, increasing the existing network by about 574 km at a cost Rs 11,168 crore. 'These projects include the Itarsi-Nagpur 4th Line, Aurangabad (Chhatrapati Sambhajinagar) - Parbhani doubling, Aluabari Road-New Jalpaiguri 3rd and 4th Line, and Dangoaposi-Jaroli 3rd and 4th Line. All these projects will be completed by 2028-29,' Vaishnaw said. Streamline Operations, Alleviate Congestion Four multi-tracking projects for railways get Cabinet nod Itarsi-Nagpur 4th line Aluabari Road-New Jalpaiguri 3rd and 4th Lines Chhtrapati Sambhajinagar- Parbhani line doubling Dangoaposi-Jaroli 3rd and 4th lines Projects to generate direct employment for about 229 lakh man-days during construction Enhance connectivity to approximately 2,309 villages, with population of about 43.60 lakh
Indian Express
23 minutes ago
- Indian Express
ED summons Anil Ambani in Rs 3,000-crore loan fraud case
A week after the Enforcement Directorate (ED) carried out searches at over 35 locations in Mumbai linked to Anil Ambani, the central probe agency issued summons to the industrialist as part of a money laundering probe into an alleged Rs 3,000 crore bank loan fraud involving companies of the Reliance Anil Dhirubhai Ambani Group. The ED is investigating allegations of illegal diversion of loans worth around Rs 3,000 crore, disbursed by Yes Bank to the group's companies between 2017 and 2019. It is also examining whether there was a quid pro quo involved in the loan — specifically, if bribes were paid to bank officials, including Yes Bank promoters. The central agency's probe has found alleged violations in Yes Bank's loan approvals to the group's companies, including backdated credit approval memorandums and proposals for investments made without any due diligence or credit analysis — violations of the bank's credit policy, among other issues. Mahender Singh Manral is an Assistant Editor with the national bureau of The Indian Express. He is known for his impactful and breaking stories. He covers the Ministry of Home Affairs, Investigative Agencies, National Investigative Agency, Central Bureau of Investigation, Law Enforcement Agencies, Paramilitary Forces, and internal security. Prior to this, Manral had extensively reported on city-based crime stories along with that he also covered the anti-corruption branch of the Delhi government for a decade. He is known for his knack for News and a detailed understanding of stories. He also worked with Mail Today as a senior correspondent for eleven months. He has also worked with The Pioneer for two years where he was exclusively covering crime beat. During his initial days of the career he also worked with The Statesman newspaper in the national capital, where he was entrusted with beats like crime, education, and the Delhi Jal Board. A graduate in Mass Communication, Manral is always in search of stories that impact lives. ... Read More
Economic Times
23 minutes ago
- Economic Times
Aditya Infotech IPO allotment today: Check status, GMP and other details
How to check allotment status: Live Events IPO details (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment status of Aditya Infotech's Rs 1,300-crore IPO is expected to be finalized today. The heavily subscribed public issue, which opened on July 29 and closed on July 31, saw massive investor interest across categories, with an overall subscription of 106.23 times. Shares are set to be listed on BSE and NSE on August investors subscribed 53.81 times their allotted quota, while qualified institutional buyers (QIBs) bid 140.5 times. Non-institutional investors (NIIs) came in strong at 75.93 stock continues to trade at a grey market premium (GMP) of Rs 295, indicating an expected listing price of around Rs 970, nearly 44% above the issue price of Rs can check their allotment status on the registrar's website — MUFG Intime India (formerly Link Intime)Steps to check on the registrar's portal:Visit Click on 'IPO Allotment Status'Select 'Aditya Infotech' from the dropdownEnter your PAN, Application Number, or DP/Client IDSubmit to view your allotment statusYou can also check the allotment on the BSE website:Go to Select 'Equity' and choose 'Aditya Infotech Ltd' from the dropdownEnter your application number and PANClick 'Search'The IPO was a mix of fresh issue worth Rs 500 crore and offer for sale worth Rs 800 crore. Proceeds will be used to repay debt and for general corporate Infotech, which owns and markets the CP Plus brand, is India's leading player in the electronic surveillance space. With strong financials, high return ratios, and brand recall, the issue drew intense interest from both institutional and retail the allotment underway and GMP holding firm, all eyes now shift to the listing day on Tuesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
