Warrant conversion leads to allotment of 6.85 crore new shares; capital rises to Rs 739.70 crore
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 2.1 pts more than Nifty Microcap 250 and 2.1 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 6,85,50,000 equity shares to 6 non-promoter allottees, mostly HUFs, on conversion of 68,55,000 Fully Convertible Warrants. Issue price is Rs 5.62 per share, adjusted for the earlier 1:10 stock split. Company received Rs 28.89 crore as the balance 75 percent payment. Paid-up capital rises from Rs 732.85 crore to Rs 739.70 crore. Promoter holding dips marginally from 37.19 percent to 36.85 percent, while public shareholding rises to 63.15 percent.
Marginal promoter dilution of 0.34 percentage points to 36.85 percent. Company raises Rs 28.89 crore in fresh capital from warrant holders.