PC Jeweller allots 1.10 crore shares on warrant conversion to Promoter
PCJEWELLER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.6 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
PC Jeweller allotted 1,10,50,000 equity shares to Promoter and MD Balram Garg upon conversion of Fully Convertible Warrants at Rs 18 per share including Rs 17 premium. Company received Rs 14.92 crore as 75 percent balance. Paid-up equity capital rose to Rs 975.21 crore. Promoter holding increased from 38.69 percent to 38.76 percent. Earlier 3.05 crore warrants were converted and 5.56 crore warrants remain pending.
Minor promoter holding uptick; slight public dilution. Overall neutral as it follows prior disclosed preferential allotment.