Corporate Action10 April 2026 at 02:01 pm
PC Jeweller allots 1.06 Bn shares on warrant conversion, capital up by ₹1.06 Bn
AI Summary
PC Jeweller Ltd has allotted 1,061,931,680 equity shares of ₹1/- each on April 10, 2026. This allotment resulted from the conversion of 106,193,168 Fully Convertible Warrants, previously issued via preferential allotment to both Promoter Group and Non-Promoter, Public Category allottees. The company received the balance 75% of the issue price, amounting to ₹447,60,42,031.20, at ₹42.15 per warrant. Consequent to this conversion, the company's paid-up equity share capital increased from ₹8,64,86,03,175 to ₹9,71,05,34,855. The newly allotted shares will rank pari-passu with existing equity shares, significantly expanding the company's equity base.
Key Highlights
- PC Jeweller allotted 1.06 billion equity shares on warrant conversion.
- Paid-up capital increased by ₹1.06 billion to ₹9.71 billion post-allotment.
- Company received ₹447.60 crore as balance payment for warrants.
- Shares were allotted to 32 allottees from promoter and public categories.