PC Jeweller Limited — QIP/Rights/Pref., 11-12-2024: Issue of Securities

PC Jeweller has announced a board meeting where it approved the preferential issue of 5,17,11,462 equity shares to consortium lenders at an issue price of ₹292 each to settle part of its outstanding debts. This amounts to a total capital raise of approximately ₹1,515 Cr. The allocation will impact shareholding, reducing promoters' stake from 47.04% to 42.93% post-issue. The company will seek members' approval via postal ballot. Additionally, Shri Ramesh Kumar Sharma has been re-appointed as Whole-time Director effective February 7, 2025, for three years.