The shares have been issued at Rs 29.20 per share.
The shares shall be issued for settling a part of their excellent money owed pursuant to Joint Settlement Settlement dated September 30, 2024 entered into amongst the corporate and Consortium Lenders.
The brand new fairness shares so allotted to consortium lenders would rank pari-passu with the prevailing fairness shares of the corporate.
PC Jeweller had opted for OTS (one-time settlement) for its excellent dues with a consortium of banks.
The phrases and situations of authorised OTS embrace money and fairness elements payable underneath the settlement, launch of securities and mortgaged properties and so forth. PC Jeweller Ltd reported a consolidated web revenue of Rs 147.96 crore for the most recent December quarter. The corporate had posted a web lack of Rs 197.98 crore for the year-ago interval. Complete earnings jumped multi-fold to Rs 683.44 crore within the third quarter of this fiscal from Rs 43.48 crore within the year-ago interval.
PC Jeweller has 55 showrooms (together with 3 franchisee showrooms) in 41 cities throughout 15 states in India.
