Announced Thu, 16 Jul · 17:12 IST
PC Jeweller board approves Rs 1,000 crore fundraise via QIP
Fund Raising View source PDF
PCJEWELLER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.4%1-day move
₹10.30
prior close
₹10.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.7-5.8-4.4-4.7-4.4-2.4-5.2-8.8-9.8—————
Up moveDown movePending
AI summary
PC Jeweller board approved raising up to Rs 1,000 crore through a Qualified Institutions Placement of equity shares or other eligible securities, in one or more tranches. Authorised share capital will be raised from Rs 1,310 crore to Rs 1,460 crore to accommodate the issue. A QIP committee was set up to decide pricing, timing and execution. Shareholder approval will be sought through postal ballot.
Likely market impact
Fresh equity issuance will dilute existing shareholders. Watch the stock once floor price and institutional demand are disclosed.