According to NSE bulk deal data on Thursday (15 October 2026), Halwasiya purchased the shares at Rs 14.43 apiece. The transaction represented a 0.52% stake in the company.

Halwasiya is the promoter of Cupid, in which he holds a 33.29% stake. His investment portfolio also includes a 2.03% stake in Tourism Finance Corporation of India.

The purchase comes after PC Jeweller announced the completion of formalities related to the clearance of its outstanding debt. In an exchange filing dated 8 October 2026, the company said all 14 banks in its consortium had issued no-objection, no-dues and release letters. The company's mortgaged assets, along with those of its personal and corporate guarantors, have been released, and the original title deeds have been handed over to the relevant holders.

PC Jeweller also said all charges, securities, guarantees and undertakings provided by the company and its personal and corporate guarantors had been fully released, bringing the formalities related to outstanding debt clearance to a close.

The company's board will meet on Wednesday, 21 October 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2026.

PC Jeweller is engaged in the manufacture, retail, and export of jewellery. The company offers a wide range of gold, diamond, silver, and gemstone jewellery, including bangles, rings, bracelets, and necklaces, catering to bridal, occasional, and daily wear requirements. It operates across 12 states through a mix of company-owned and franchisee-owned showrooms.

The company had reported 37.02% rise in consolidated net profit to Rs 221.88 crore on a 20.99% increase in revenue to Rs 877.04 crore in Q1 FY27 over Q1 FY26.

The firm reported approximately 28% YoY growth in consolidated revenue for the quarter ended 30th September 2026, supported by healthy demand. The company said it received remittances of approximately Rs 142 crore during Q2 FY27 from its outstanding export debtors.

The company also completed its fund raising of up to Rs 500 crore through a preferential issue of equity shares and warrants on 24 September 2026, following the conversion of all warrants allotted to promoter Balram Garg.