PC Jeweller Share Price Rises 4.03% Amid Equity Allotment Update

PC Jeweller Limited has been in focus on Tuesday. On March 18, 2025, PC Jeweller share price opened at ₹14.00, up from its previous close of ₹13.39. At 10:50 AM, the share price of PC Jeweller was trading at ₹13.93, up by 4.03% on the NSE. The stock price touched its day’s high so far at ₹14.20. 

Details of the Equity Allotment

On March 17, 2025, PC Jeweller informed the stock exchanges about the approval and allotment of over 51.71 crore equity shares with a face value of ₹1 each. These shares were issued at a price of ₹29.20 per share, aligning with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. 

This equity allotment was carried out through a preferential allotment on a private placement basis to a consortium of 14 banks, classified under the Non-Promoter, Public Category.

The preferential allotment was part of a strategy to settle the company’s outstanding debts, following a Joint Settlement Agreement (JSA) dated September 30, 2024. This agreement aimed to reduce the financial burden on the company by leveraging equity capital. The shares issued will hold equal status (pari-passu) with the existing equity shares of the company.

Changes in Paid-Up Equity Share Capital

Following the equity allotment, the paid-up equity share capital of PC Jeweller increased from ₹583,81,69,480, comprising 583,81,69,480 equity shares of ₹1 each, to ₹635,52,84,100, comprising 635,52,84,100 equity shares of ₹1 each. This significant increase, driven by the issuance of over 51.71 crore equity shares, has expanded the company’s equity base.

Conclusion

The preferential allotment of equity shares to consortium lenders marks a crucial step for PC Jeweller in managing its outstanding debt. By converting a portion of its debt into equity, the company aims to strengthen its financial position and focus on future growth. 

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