PC Jeweller was gaining attention on Friday. On December 13, 2024, PC Jeweller share price opened at ₹175.00, slightly down from its previous close of ₹176.09. At 11:39 AM, the share price of PC Jeweller was trading at ₹178.40, up by 1.31% on the NSE. The market cap of the company was ₹8,310.58 crore.
On December 11, 2024, PC Jeweller announced the issuance of 5,17,11,462 equity shares at a face value of ₹10 each through preferential allotment. This issuance is part of a debt settlement agreement with the company’s consortium lenders under a Joint Settlement Agreement dated September 30, 2024. The shares will be allotted to the lenders classified under the ‘Non‐Promoter, Public Category.’ The issue price is set higher than the floor price in compliance with the SEBI (ICDR) Regulations.
Additionally, a record date for the subdivision of the company’s equity shares from ₹10 to ₹1 will be set on December 16, 2024. This adjustment will impact the issue price and quantity of shares being allotted.
PC Jeweller is a well-established player in the gold and diamond jewellery business. The company manufactures, sells, and trades gold jewellery, diamond-studded jewellery, and silver items. It operates across various regions, including a strong export business through dealers based in the Gulf, particularly through Dubai-based firms. The company also has an in-house team of designers who create bespoke jewellery pieces.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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