PC Jeweller Allots 3 Crore Shares to Promoter After Warrants Conversion; Capital Reaches ₹9,74 Crores
PC Jeweller Ltd. has completed the allotment of equity shares consequent to the conversion of fully convertible warrants held by its promoter and managing director, Shri Balram Garg. The move resulted in a slight increase in the company's paid-up equity share capital.The Board of Directors allotted 3,05,50,000 equity shares having a face value of ₹1/- each to Shri Balram Garg. This allotment was made upon the conversion of 3,05,50,000 Warrants. The total balance amount received for this conversion amounted to ₹41,24,25,000 at an issue price of ₹13.50 per Warrant.The newly allotted equity shares are equal in status to the existing...