Aditya Halwasiya buys PC Jeweller shares in bulk deal
In short
Cupid Chairman and MD Aditya Kumar Halwasiya bought 5.10 crore PC Jeweller shares for about ₹73.59 crore in a bulk deal.
The buy came after PC Jeweller reached a debt-free milestone, and the stock rose 12.59% on Friday. The report does not say why Halwasiya bought the shares or what he plans to do next.
What the reporting says
Cupid Chairman and MD Aditya Kumar Halwasiya bought 5.10 crore PC Jeweller shares for about ₹73.59 crore in a bulk deal, according to Mint Markets. The purchase followed PC Jeweller’s debt-free milestone and came as its shares rose 12.59% on Friday. The reporting does not say whether the buy was strategic, temporary, or part of a broader stake build.
Why it matters
Mint Markets says Aditya Kumar Halwasiya, Chairman and MD of Cupid, bought 5.10 crore PC Jeweller shares for about ₹73.59 crore in a bulk deal. The trade followed PC Jeweller’s debt-free milestone and coincided with a 12.59% share-price rise on Friday. The source does not state the investor’s motive, future holding plan, or whether the move changes control.