New Track Garments Private Limited, acting as an acquirer, has disclosed changes in its shareholding of PC Jeweller Limited. The acquisition involves the conversion of warrants into equity shares, resulting in an increase in the acquirer’s stake. This transaction impacts the overall shareholding structure of PC Jeweller, and the announcement details the specific changes in ownership percentages before and after the acquisition.
Shareholding Update
An announcement details a change in the shareholding structure of PC Jeweller Limited, stemming from the acquisition of additional shares by New Track Garments Private Limited. Before the acquisition, New Track Garments Private Limited held 97,509,120 shares, representing 1.32% of the total share/voting capital and 0.95% of the diluted share/voting capital.
Details of Acquisition
The acquisition involved 118,624,000 shares, which were acquired through the conversion of warrants. The mode of acquisition was a preferential allotment of 118,624,000 equity shares pursuant to the conversion of fully convertible warrants. This conversion happened upon payment of the balance 75% of the issue price. The date of acquisition is listed as February 2, 2026.
Post-Acquisition Holdings
Following the acquisition, New Track Garments Private Limited’s shareholding increased to 216,133,120 shares, representing approximately 2.73% of the total share/voting capital and approximately 2.11% of the total diluted share/voting capital.
Capital Structure
The equity share capital/total voting capital of PC Jeweller before the acquisition was Rs. 7,397,044,855, comprising 7,397,044,855 Equity Shares of Re.1 each. Post-acquisition, the equity share capital/total voting capital is Rs. 7,909,513,455, comprising 7,909,513,455 Equity Shares of Re.1 each. The total diluted share/voting capital after the acquisition is Rs. 10,256,956,357, comprising 10,256,956,357 Equity Shares of Re.1 each.
Source: BSE
