PC Jeweller allots 74 lakh 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 5.7 pts more than Nifty Microcap 250 and 5.9 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 has allotted 74,07,500 equity shares to Promoter and MD Shri Balram Garg upon conversion of Fully Convertible Warrants at Rs 18 per share (with Rs 17 premium). Company received about Rs 10 crore as the balance 75 percent payment. Promoter shareholding rose marginally from 38.76 percent to 38.80 percent. Of the original 9,72,22,222 warrants issued to the Promoter, 4,82,14,722 warrants now remain pending conversion. Paid up equity capital increased to Rs 975.95 crore comprising 975,95,42,355 shares of Rs 1 each.
Marginal rise in promoter shareholding; limited dilution for public shareholders. Signals continued promoter commitment via warrant exercise.