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PC Jeweller ($PCJEWELLER) has completed the conversion of 1.07 Cr warrants into 10.72 Cr new equity shares. This corporate action by public investors brought in ₹45.20 Cr for the company.
**Issue:** PC Jeweller allotted 10.72 Cr equity shares (face value ₹1/- each) to two Non-Promoter, Public Category allottees upon conversion of their warrants. The company received the balance amount of ₹45.20 Cr at ₹42.15 per warrant for these conversions.
**Possible Impact:**
* **Capital Infusion:** The company received a cash inflow of ₹45.20 Cr, strengthening its financial position.
* **Share Capital Increase:** The total paid-up equity share capital of PC Jeweller has increased from ₹790.95 Cr to ₹801.67 Cr.
* **Dilution:** There is a slight dilution for existing shareholders as the total number of outstanding shares has increased. The public shareholding percentage increased from 59.06% to 59.61%.
**Company's Response:** This allotment is the company's fulfillment of the terms of the previously issued warrants, as investors chose to exercise their conversion rights.