PC Jeweller Ltd receives PNB approval for a one-time settlement of its outstanding dues.
PC Jeweller Ltd has received approval from Punjab National Bank (PNB) for a one-time settlement of its outstanding dues. The company opted for the OTS proposal to settle its outstanding dues with a consortium of banks. The approved OTS terms include cash, equity components, and release of securities and mortgaged properties. PC Jeweller did not disclose the outstanding dues with all banks or OTS details.
July 07, 2024
3 Articles