PC Jeweller's OTS offer accepted by Kotak Mahindra Bank

PC Jeweller announced that Kotak Mahindra Bank vide an e-mail dated 07 September 2024 has conveyed its acceptance of One Time Settlement (OTS) proposal submitted by the Company.

The Company had opted for OTS to settle the outstanding dues. The terms and conditions of approved OTS include cash and equity components payable under settlement, release of securities and mortgaged properties etc.