PC Jeweller Settles Case: New Delhi-headquartered PC Jeweller—a producer, exporter and retailer of gold and diamond jewelry—on Friday settled a matter with the Securities and Alternate Board of India (SEBI). The nation’s capital market regulator had despatched a discover to the non-public sector jewelry agency upon detecting alleged violations in its disclosure norms.
PC Jeweller paid a sum of Rs 7.2 crore to the market regulator to settle the matter.
SEBI’s discover talked about non-compliance with guidelines over well timed disclosures associated to mortgage defaults and determination plans and non-disclosure of financial institution notices.
Earlier on Friday, PC Jeweller shares ended 1.5 per cent decrease at Rs 14.3 apiece on BSE in a falling market the place the benchmark indices declined about half a per cent every.
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