PC Jeweller Limited has informed regarding Disclosure of material issue
PCJEWELLER · price
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PC Jeweller has allotted 35,18,36,870 equity shares (face value ₹1 each) on conversion of 3,51,83,687 Fully Convertible Warrants to 7 allottees. The allotments went to one Promoter Group entity (New Track Garments Pvt Ltd) and six Non-Promoter Public Category allottees, including Ebisu Global Opportunities Fund and Unico Global Opportunities Fund. The company received ₹148.30 crore as the balance 75% amount at an issue price of ₹5.62 per share (including ₹4.62 premium). The conversion was adjusted for the earlier 10:1 stock split (from ₹10 to ₹1 face value). Paid-up share capital rose from ₹801.67 crore to ₹836.86 crore, taking total equity shares to 836.85 crore.
Existing shareholders face mild dilution as share count rises by ~4.4%. Promoter holding slips slightly from 40.39% to 39.83%, while public shareholding rises to 60.17%. The ~₹148 crore inflow strengthens the company's capital base, but the short-term stock impact is likely neutral-to-negative due to supply addition from non-promoter allottee conversion.