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Pc Jewellers

PC Jewellers stock surges 5% on turnaround in Q2; sales grow 1,430% YoY

Shares of PC Jewellers gained up to 4.98 per cent at Rs 185.25 per share on the BSE in Monday's intraday trade

PC Jewellers stock surges 5% on turnaround in Q2; sales grow 1,430% YoY
Updated On : 21 Oct 2024 | 11:36 AM IST

PC Jeweller share at 5% upper circuit as board okays stock split, fundraise

PC Jeweller share price hit upper circuit after announcing that the board has approved the stock split and fundraising plan via warrants.

PC Jeweller share at 5% upper circuit as board okays stock split, fundraise
Updated On : 01 Oct 2024 | 10:55 AM IST

PC Jeweller to raise Rs 2,705 cr via warrants; focus on loan settlement

PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants on a preferential basis to promoters and investors, mainly to settle bank loans and for working capital requirements. Promoters will infuse around Rs 850 crore into the company by subscribing to warrants issued by the company. In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants. "The funds will be utilised primarily for settlement of bank loans. Around 75 per cent of the fund will be used for repaying bank loans and the rest 25 per cent for working capital requirements," PC Jeweller MD Balram Garg told PTI. He said the promoters would infuse Rs 850 crore into the company, while the remaining amount would be raised from investors. According to the filing, the board approved the issuance and allotment of up to 48,13,42,500 fully convertible warrants by way of preferential allot

PC Jeweller to raise Rs 2,705 cr via warrants; focus on loan settlement
Updated On : 14 Jul 2024 | 2:27 PM IST

PC Jewellers gets PNB clearance for one-time settlement of outstanding dues

PC Jeweller Ltd on Sunday said that Punjab National Bank has given its approval for one-time settlement of its outstanding dues. In a regulatory approval, PC Jeweller informed that "Punjab National Bank, the third largest bank after State Bank of India amongst consortium banks of the company in terms of its exposure, has conveyed its approval to the One Time Settlement (OTS) proposal submitted by the company." PC Jeweller had opted for OTS to settle the outstanding dues with a consortium of banks. The terms and conditions of approved OTS include cash and equity components payable under settlement, release of securities and mortgaged properties etc, the filing said. PC Jeweller did not mention the outstanding dues with all banks and also the details of OTS. In an investor presentation in late May, PC Jeweller mentioned that the withdrawal of the petition from the National Company Law Tribunal (NCLT) by SBI and favourable consideration of its OTS proposal by the banks are positive .

PC Jewellers gets PNB clearance for one-time settlement of outstanding dues
Updated On : 07 Jul 2024 | 10:36 PM IST

PC Jeweller gets board approval to raise Rs 2,000 cr fund via rights issue

PC Jeweller on Tuesday said its board has approved a proposal to raise Rs 2,000 crore through rights issues and preferential allotment of fully convertible warrants. The board in a meeting held on Tuesday also approved a proposal to increase the authorised share capital and alteration in the capital clause of the memorandum of association, a regulatory filing said. Out of the total of Rs 2,000 crore, the company said its board approved the plan to raise Rs 1,500 crore by way of rights issue of equity shares of Rs 10 per each to the eligible equity shareholders. The record date for the same will be notified later. The issue size of up to Rs 1,500 crore would be subject to regulatory and other approval, the filing said. That apart, the company said the board approved raising up to Rs 500 crore through a preferential allotment of fully convertible warrants. "The proceeds of the preferential issue will be utilised towards the payment of financial liabilities of the company, subject to

PC Jeweller gets board approval to raise Rs 2,000 cr fund via rights issue
Updated On : 16 Apr 2024 | 10:35 PM IST

Stocks to Watch on Mar 22: Bharat Dynamics, IT stocks, Prestige, L&T, PCBL

Stocks to Watch on March 22, 2024: Bharat Dynamics' board has approved an Interim Dividend of Rs 8.85 and a stock split of one share into two shares

Stocks to Watch on Mar 22: Bharat Dynamics, IT stocks, Prestige, L&T, PCBL
Updated On : 22 Mar 2024 | 8:09 AM IST

Gold hits new high; Jewellery related shares dip up to 5% on demand worries

Gold futures scaled a new high of $2,150 per ounce in international markets on hopes of Fed rate cut; but domestic demand a concern for jewellers back home.

Gold hits new high; Jewellery related shares dip up to 5% on demand worries
Updated On : 06 Mar 2024 | 12:55 PM IST

PC Jeweller Q3 results: Loss widens to Rs 198 crore, revenue down 95%

The company has proposed a one-time settlement of its unpaid debt to lenders, who have agreed in-principle to seek internal approval for the proposal, it said on Wednesday

PC Jeweller Q3 results: Loss widens to Rs 198 crore, revenue down 95%
Updated On : 14 Feb 2024 | 8:40 PM IST

State Bank of India takes PC Jewellers to NCLT over loan account default

The bank, who filed an insolvency plea against the jewellery company in NCLT, had classified PC Jeweller's loan account as a non-performing asset in June, 2021

State Bank of India takes PC Jewellers to NCLT over loan account default
Updated On : 27 Jul 2023 | 2:12 AM IST

Firm buying to keep the rally going in gold jewellery stocks, say analysts

Gold jewellery retailers: Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri have rallied 21-72% so far since April as compared to a 13% gain in the Sensex

Firm buying to keep the rally going in gold jewellery stocks, say analysts
Updated On : 18 Jul 2023 | 11:18 AM IST

RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.

RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark
Updated On : 13 Jun 2023 | 3:56 PM IST

Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain

Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer

Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain
Updated On : 11 Jan 2023 | 3:47 PM IST

Analysts bullish on stocks of jewellery retailers for the long-term

Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward

Analysts bullish on stocks of jewellery retailers for the long-term
Updated On : 18 Oct 2022 | 9:28 PM IST

Kalyan, PC Jeweller hit 52-week highs on hopes of strong demand

After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India

Kalyan, PC Jeweller hit 52-week highs on hopes of strong demand
Updated On : 07 Oct 2022 | 2:24 PM IST

This beaten down stock of a jewellery company has zoomed over 100% in July

PC Jeweller was locked at the 10 per cent upper circuit band, at Rs 47.35, on Friday. The stock has zoomed 106 per cent from a level of Rs 23 touched on June 30, 2022

This beaten down stock of a jewellery company has zoomed over 100% in July
Updated On : 15 Jul 2022 | 5:14 PM IST

Stocks to Watch: Nykaa, Naukri, ONGC, Hindalco, Nalco, SpiceJet, Coal India

The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend

Stocks to Watch: Nykaa, Naukri, ONGC, Hindalco, Nalco, SpiceJet, Coal India
Updated On : 15 Nov 2021 | 8:20 AM IST

PC Jeweller case: Sebi bars 4 individuals, 1 entity from securities mkt

Sebi on Tuesday imposed a total fine of Rs 1 crore on four individuals and an entity as well as barred them from the securities market for one year in a case of alleged insider trading activities

PC Jeweller case: Sebi bars 4 individuals, 1 entity from securities mkt
Updated On : 11 May 2021 | 10:09 PM IST

Gold's record rally to boost Kalyan Jewellers' $235 mn IPO, say experts

Kalyan Jewellers India Ltd. said Monday it plans to raise as much as Rs 17.5 billion ($235 million) through a public listing as it banks on the long-term appeal of gold

Gold's record rally to boost Kalyan Jewellers' $235 mn IPO, say experts
Updated On : 25 Aug 2020 | 1:06 PM IST

PC Jeweller slumps 7% after Sebi seeks show-cause in insider trading case

Sebi observed after the announcement of the buyback on May 10, 2018, the shares of PC Jeweller were locked at the upper circuit of 10 per cent.

PC Jeweller slumps 7% after Sebi seeks show-cause in insider trading case
Updated On : 18 Dec 2019 | 10:12 AM IST

Sebi seeks show-cause from PC Jewellers 'insiders', asks for list of assets

The regulator said that the order itself should be considered as a notice by the identified insiders

Sebi seeks show-cause from PC Jewellers 'insiders', asks for list of assets
Updated On : 18 Dec 2019 | 12:07 AM IST