PC Jeweller shares tank 26% after withdrawal of buyback plan
Shares of Delhi-based PC Jeweller plunged about 26% on Monday after it withdrew a proposal to buyback shares worth â¹424 crore. The company's board on Friday decided to withdraw the offer with immediate effect after it failed to receive the requisite no-objection certificate from its bankers. PC Jeweller has lost over 80% of its market value in last six months.