New Delhi, July 26 -- PC Jeweller shares are one of the multibagger stocks the Indian stock market has delivered in recent years. The penny stock priced below Rs.15 is expected to be in focus on Monday as the company board has approved allotment of warrants through the preferential route on a private placement basis. On Friday, the company board formed about the allotment of these warrants in an exchange filing. The warrants have been allotted to one promoter and eleven non-promoters. The only promoter who has been allotted warrants is Balram Garg (HUF).

The jewellery brand informed the Indian stock market exchanges about the move saying, "..... we would like to inform further that the Board of Directors of the Company vide a resolution ...