Cupid promoter Aditya Halwasiya buys stake in PC Jeweller; stock jumps
The bulk deal comes after PC Jeweller completed a major financial restructuring exercise to clear its outstanding dues to its consortium of 14 banks
- Oct 19, 2026,
- Updated Oct 19, 2026 11:58 AM IST
PC Jeweller Ltd shares jumped 14% on Monday after Aditya Kumar Halwasiya, chairman and managing director of Cupid Ltd, acquired a significant block of shares in the jewellery retailer. The transaction involved 5.10 crore equity shares valued at approximately ₹73.59 crore, with each share purchased at ₹14.43.
The acquisition was executed on October 15, 2026. Halwasiya's investment portfolio spans sectors including banking, financial services, organised retail and defence technology. His other investments include Tourism Finance Corporation of India, Baazar Style Retail, Karnataka Bank, South Indian Bank and Apollo Micro Systems.
PC Jeweller shares touched a high of ₹18.60, up 14.25% from their previous close of ₹16.28. The stock opened at ₹17 and touched a low of ₹16.91 during the session. The company's shares have gained 99.14% year-to-date.
PC Jeweller's debt-free status
The bulk deal comes after PC Jeweller completed a major financial restructuring exercise to clear its outstanding dues to its consortium of 14 banks. The company achieved debt-free status on September 25, 2026, after settling its outstanding bank liabilities.
The New Delhi-headquartered jewellery maker had previously carried debt of around ₹3,000 crore. It had opted for a one-time settlement of its outstanding bank dues in September 2024 as part of its efforts to resolve its debt obligations.
About Aditya Kumar Halwasiya
Halwasiya heads Cupid Ltd, a listed company with businesses in healthcare and consumer products. He was identified as India's fastest wealth creator by percentage growth in the 2026 M3M Hurun India Rich List, with his wealth reported to have increased 859% to ₹18,800 crore.
PC Jeweller, established in 2005, manufactures, retails and exports gold, diamond, silver and wedding jewellery. The company is listed on the BSE and the National Stock Exchange.
PC Jeweller Ltd shares jumped 14% on Monday after Aditya Kumar Halwasiya, chairman and managing director of Cupid Ltd, acquired a significant block of shares in the jewellery retailer. The transaction involved 5.10 crore equity shares valued at approximately ₹73.59 crore, with each share purchased at ₹14.43.
The acquisition was executed on October 15, 2026. Halwasiya's investment portfolio spans sectors including banking, financial services, organised retail and defence technology. His other investments include Tourism Finance Corporation of India, Baazar Style Retail, Karnataka Bank, South Indian Bank and Apollo Micro Systems.
PC Jeweller shares touched a high of ₹18.60, up 14.25% from their previous close of ₹16.28. The stock opened at ₹17 and touched a low of ₹16.91 during the session. The company's shares have gained 99.14% year-to-date.
PC Jeweller's debt-free status
The bulk deal comes after PC Jeweller completed a major financial restructuring exercise to clear its outstanding dues to its consortium of 14 banks. The company achieved debt-free status on September 25, 2026, after settling its outstanding bank liabilities.
The New Delhi-headquartered jewellery maker had previously carried debt of around ₹3,000 crore. It had opted for a one-time settlement of its outstanding bank dues in September 2024 as part of its efforts to resolve its debt obligations.
About Aditya Kumar Halwasiya
Halwasiya heads Cupid Ltd, a listed company with businesses in healthcare and consumer products. He was identified as India's fastest wealth creator by percentage growth in the 2026 M3M Hurun India Rich List, with his wealth reported to have increased 859% to ₹18,800 crore.
PC Jeweller, established in 2005, manufactures, retails and exports gold, diamond, silver and wedding jewellery. The company is listed on the BSE and the National Stock Exchange.