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PC Jeweller gets nod for OTS proposal from Punjab National Bank

08 Jul 2024 Evaluate

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. 


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