PC Jeweller Limited India's one of the biggest jewelry company announced a buy

back on 11 May 2018.

PC Jeweller Limited has informed the NSE that the Board of Directors of the
Company at its meeting held May 10, 2018 has inter-alia considered and approved
the proposal for buy back of the Company's fully paid up equity shares of Rs.10/-
each from the equity shareholders of the Company as on the record date, to be
announced later, on a proportionate basis through the Tender Offer route in
accordance and consonance with the provisions contained in the SEBI Buy Back of
Securities Regulations, 1998 and the Companies Act, 2013, subject to the
shareholders' and other necessary approvals, if any.

Number of securities proposed for Buy Back, percentage as to existing paid-up

capital of the Company and Buy Back price: The Company proposed to Buy Back
upto 1,21,14,286 fully paid-lip Equity Shares of Rs.l 01- each, comprising of 3.07% of
the total paid-lip equity capital of the Company, from the equity shareholders of the
Company as on the Record Date, at a price of Rs.350/- per Equity Share, for an
aggregate amount not exceeding Rs. 424 Cr., being less than 25% of the total paid-
up equity capital and free reserves of the Company.

IDBI Capital Markets & Securities Limited and Corporate Professionals

Capital Private Limited are appointed as Merchant Bankers for the proposed Buy
Back offer of the Company.

Stock buybacks refer to the repurchasing of shares of stock by the company that
issued them. A buyback occurs when the issuing company pays shareholders the
market value per share and re-absorbs that portion of its ownership that was
previously distributed among public and private investors. This reduces the amount
of outstanding shares in the market and typically, based on simple market dynamics,
raises the stock price.
The Company is engaged in the business of manufacture, retail and export of
jewelry. It offers a range of products including 100% hallmarked gold jewelry,
certified diamond jewelry and other jewelry, including silver articles, with a focus on
diamond jewelry and jewelry for weddings.

Its jewelry category includes rings; earrings; pendants; mangalsutras; chains and
necklaces; bangles and bracelets, and nose pins. It also offers platinum, gemstone,
men's and kids jewelry.

It offers jewelry under various brands, including PC Jeweller, blue nile, PNG
Jewellers, Waman Hari Pethe, asmi, Gili, sangini, nirvana, Nakshatra, Kama
Jewellery, flexia Jewellery, Sparkles, Candere, Diaashi Diamonds, Demira, Augrav,
Urnish Jewellers, D'amor, Avsar, Ornomart, Dishi Somani, Charu Jewels, Jewels
Forum, Aakanksha Rustagi, Prernaa Makhariaa, Aakarshan Jewellery, Monica
Kapur and Vipin Rohilla.

Its Market Capital is ₹ 8,240.05 Cr. with a Book Value: ₹ 96.76. The stock is trading
in NSE with Stock P/E: 14.74 Dividend Yield: 0.22% Face Value: ₹ 10.00

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