PC Jeweller shares rise 12%, extend two-day rally to nearly 30% after Cupid boss Aditya Halwasiya buys stake
The company had previously announced that it had cleared outstanding dues to all 14 consortium banks, eliminating debt of approximately Rs 3,000 crore.
PC Jeweller shares rose 12% on October 19, extending their two-day rally to 30% after Cupid’s Chairman and Managing Director (MD), Aditya Kumar Halwasiya, purchased 5.1 crore shares worth approximately Rs 73.59 crore through a bulk deal. The transaction was executed at an average price of Rs 14.43 per share. At 11:30 am on October 19, PC Jeweller shares were trading 13% higher at Rs 18.42 apiece. The company had previously announced that it had cleared outstanding dues to all 14 consortium banks, eliminating debt of approximately Rs 3,000 crore.
