India's PC Jeweller gains after lender's nod to settlement deal

PC Jeweller

22/07/2024 05:40

** Shares of India's PC Jeweller  PCJE.NS  rise 4.8% to 70.5
rupees 
    ** Embattled ornaments maker said lender Bank of Baroda
 BOB.NS  has approved one-time settlement proposal for
outstanding dues 
    ** IndusInd Bank  INBK.NS , Punjab National Bank  PNBK.NS ,
State Bank of India  SBI.NS  and Karur Vysya Bank  KARU.NS  had
earlier accepted co's proposals to settle unpaid debts 
    ** Session's move takes YTD gains to ~51% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))