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News for India > Business > THIS multibagger jewellery stock to be in focus on Friday; here’s why | Stock Market News
Business

THIS multibagger jewellery stock to be in focus on Friday; here’s why | Stock Market News

Last updated: May 29, 2025 10:20 pm
2 months ago
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PC Jewellers share price: PC Jeweller share price will be in focus during Friday’s market session after the jeweller announced on Thursday, May 29, that it has allotted 30.84 lakh fully convertible warrants into equity shares.

The PC Jeweller share price having gained 171% in a year and more than 1100% in last 5 years has given Multibagger returns too the investors

“The Board of Directors of the company vide a resolution passed by circulation on May 29, 2025 has allotted 3,08,42,400 equity shares of face value of Re 1 each, on conversion of 30,84,240 warrants, to 1 allottee belonging to ‘Promoter Group’, after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the company from 1 equity share of ₹10 each to 10 equity shares of Re 1 each w.e.f. December 16, 2024, upon receipt of the balance amount aggregating to ₹13,00,00,716 at the rate of ₹42.15 per warrant (being 75 per cent of the issue price per warrant) pursuant to the exercise of their rights of conversion of warrants into equity shares in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018,” said PC Jewellers.



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