PC Jeweller Ltd completed conversion of 43.59 crore warrants to equity shares, raising ₹2512.77 crore from 111 allottees.
93% of total allotted warrants were converted, while 4.49 crore warrants lapsed and their upfront amount was forfeited.
Promoter entity New Track Garments voluntarily let 3 crore warrants lapse to avoid triggering open offer obligations.
The conversion was executed at ₹42.15 per warrant for the balance amount, following SEBI ICDR Regulations.