PC Jeweller allots 3.63 crore shares on warrant conversion by promoter Balram Garg
PCJEWELLER · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.5 pts less 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.
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PC Jeweller allotted 3,63,62,222 equity shares (face value ₹1 each) to Promoter and Managing Director Balram Garg on conversion of the remaining Fully Convertible Warrants at ₹18 per share. Promoter paid the balance 75% amount of about ₹49.09 crore. All 9,72,22,222 warrants issued earlier via preferential allotment to the promoter have now been fully converted. Paid-up equity capital rose from about ₹977.14 crore to ₹980.78 crore. Promoter holding increased from 38.88% to 39.10%.
Promoter holding rises to 39.10% from 38.88%. Full conversion of warrants is done, bringing in about ₹49 crore and ending dilution overhang.