PC Jeweller shares up 4.67% as Kotak Mahindra Bank accepts OTS

Shares of PC Jeweller Ltd hit 4.67% to ₹128.90 per share from its previous closing. Kotak Mahindra Bank Limited has accepted PC Jeweller Limited's One Time Settlement (OTS) proposal. The bank's acceptance, communicated via email on September 7, paves the way for the company to settle its outstanding dues. The company has a market cap of over ₹5,800 crore.