India's PC Jeweller falls 7%; SEBI finds promoter, family violated insider trading rules

PC Jeweller

18/12/2019 06:34

** Shares of the jewellery manufacturer and retailer
 PCJE.NS  fall as much as 7.2% 
    ** India's markets regulator said on Tuesday it found a
promoter of co and some family members violated insider trading
rules  urn:newsml:reuters.com:*:nFWN28R0O2
    ** Regulator also issued a show-cause notice on why they
should not be barred from the securities market and why they
should not be asked to pay the amount equivalent to gains made
or loss avoided due to insider trading (http://bit.ly/34o3qlq)  
 
    ** CRISIL had last week cut co's long-term and short-term
ratings to the bank loan facilities of the company to CRISIL D
 urn:newsml:reuters.com:*:nFWN28J02D
    ** Shares have fallen 70% this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8067496031); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))