PC Jeweller Allots Shares Worth Rs 1,510 Crore To Lenders To Partly Settle Debt

The move increased the value of paid-up equity share capital from Rs 583.8 crore to Rs 635.5 crore, the filing added.

The company was initially looking to issue 1.76 crore shares to the State Bank of India and 82 lakh shares to the Union Bank of India, according to an announcement from the firm in December.

The other lenders included Punjab National Bank, Axis Bank Ltd., IndusInd Bank Ltd., Bank of India, IDBI Bank Ltd., Karur Vysya Bank and Kotak Mahindra Bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of Baroda and IDFC First Bank.