PC Jeweller’s share hit a 5% upper circuit in early trade after the company announced that Kotak Mahindra Bank approved a one-time settlement of its outstanding dues.
The stock stock opened at ₹125.80. The stock hit a day high of ₹129.26 and a low of ₹120.71.PC Jeweller’s 52-week high is ₹129.26, while the 52-week low is ₹25.45.
In a regulatory approval, the company shared, “Kotak Mahindra Bank, via an e-mail dated September 7, 2024, has conveyed its acceptance of the One Time Settlement (“OTS”) proposal submitted by the company. The company had opted for OTS to settle the outstanding dues. The terms and conditions of approved OTS include cash and equity components payable under the settlement, release of securities and mortgaged properties, etc.”
