PC Jeweller board clears ₹1,000 crore QIP as shares slide 6%
PC Jeweller's board approved raising up to ₹1,000 crore via QIP across tranches and lifted authorised capital to ₹1,460 crore. The stock fell nearly 6% to ₹9.73 on the news, though it remains a multibagger with 257% gains over five years despite a 43% one-year decline.
PC Jeweller's board approved raising up to ₹1,000 crore via QIP in one or more tranches and increasing authorised share capital to ₹1,460 crore. Shares slid nearly 6% on the announcement despite multibagger multi-year gains.
Why this matters
The QIP approval follows PC Jeweller's move to declare debt-free status and its earlier prepayment of loans to 4 of 14 banks, showing a shift from deleveraging to capital-raising and expansion.
Retail-company signals accelerating at +850600% QoQ.