PC Jeweller touches the roof on getting nod for OTS proposal from Punjab National Bank
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PC Jeweller is currently trading at upper limit of Rs. 56.19, up by 5.10 points or 9.98% from its previous closing of Rs. 51.09 on the BSE.
The scrip opened at Rs. 56.00 and has touched a high and low of Rs. 56.19 and Rs. 53.39 respectively. So far 886342 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.63 on 05-Mar-2024 and a 52 week low of Rs. 25.45 on 04-Oct-2023.
Last one week high and low of the scrip stood at Rs. 56.19 and Rs. 50.31 respectively. The current market cap of the company is Rs. 2615.10 crore.
The promoters holding in the company stood at 54.53%, while Institutions and Non-Institutions held 2.38% and 43.08% respectively.
PC Jeweller has received approval from Punjab National Bank for its One Time Settlement (OTS) proposal. The company had opted for OTS to settle the outstanding dues. The terms and conditions of approved OTS include cash and equity component payable under settlement, release of securities and mortgaged properties etc.
PC Jeweller is one of the leading jewellery companies in India in the organized retail sector. The company’s businesses include the manufacture, retail and export of jewellery.
