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PC Jeweller Shares Soar 7% on Debt Repayment, Equity Allotment News
M
Moneycontrol•22-09-2026, 18:28
PC Jeweller Shares Soar 7% on Debt Repayment, Equity Allotment News
- •PC Jeweller shares surged over 7% intraday after announcing repayment of outstanding debt to another bank.
- •The company has now settled obligations with 12 of 14 consortium banks, discharging over 98% of total bank debt ahead of schedule.
- •The board also approved the allotment of 74,07,500 equity shares to the promoter after converting warrants.
- •PCJ stock hit an intraday high of Rs 13.72 per share on the NSE, later settling at Rs 13.48, up 5.39%.
Key Questions Answered
PC Jeweller has successfully settled its obligations with 12 out of the 14 consortium banks ahead of their scheduled due dates, which has discharged over 98 percent of its total bank debt liabilities.
PC Jeweller shares rose over 7 percent after the company announced the repayment of outstanding debt to another bank under its settlement agreement and the allotment of equity shares following warrant conversion.
The company's board of directors approved the allotment of 74,07,500 equity shares to the promoter following the conversion of an equivalent number of fully convertible warrants.
