Shares of PC Jeweller rallied 11 percent intraday on November 6 after the company settled the share buyback case with capital market regulator SEBI. SEBI said adjudication proceedings against the company have been disposed off.
The company paid Rs 19,12,500 towards full and final settlement of the alleged default, it added. The matter pertains to the company's buyback offer that was approved by its board on May 10, 2018.
The company paid Rs 19,12,500 towards full and final settlement of the alleged default, it added. The matter pertains to the company's buyback offer that was approved by its board on May 10, 2018.
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