PC Jeweller allots shares and convertible warrants at ₹18 each
PCJEWELLER · price
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On the reaction day the stock moved 6.6 pts less than Nifty Microcap 250 and 6.1 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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The board allotted 97,222,222 convertible warrants to promoter and managing director Balram Garg at ₹18 each, above the floor price. He paid 25% upfront and must pay the balance within 18 months. It also allotted 180,555,555 shares to Capital Ventures Private Limited at ₹18 each, raising about ₹325 crore.
The share count rises 2.55% now. Further dilution is possible if the warrants convert, though the capital raise may support liquidity and growth.