Karur Vysya Bank accepts PC Jeweller Limited's OTS proposal

Karur Vysya Bank Limited vide its e-mail / letter dated April 02, 2024 has conveyed acceptance of 'One Time Settlement' ("OTS") proposal submitted by PC Jeweller Limited.

The Company had opted for OTS to settle the outstanding dues. The terms of approved OTS include cash and equity component payable under settlement, release of securities and mortgaged properties etc.

Shares of PC Jeweller Limited was last trading in BSE at Rs. 57.37 as compared to the previous close of Rs. 56.35. The total number of shares traded during the day was 92483 in over 1057 trades.

The stock hit an intraday high of Rs. 58.00 and intraday low of 56.20. The net turnover during the day was Rs. 5299589.00.

Source : Equity Bulls

Keywords

PCJeweller INE785M01013 KarurVysyaBank OTSApproval