Stock Market today, March 13 -- Mauritius-based FII buys stake in LIC-owned penny stock under Rs.20. The PC Jewellers share price gained more than 5% in the morning trades on Thursday.

As per the intimation on the exchanges UNICO GLOBAL OPPORTUNITIES FUND LIMITED has acquired warrants of PC Jewellers Ltd. The intimation on the exchanges clarified that the acquirer is not part of the Promoter or the Promoter group.

The target company PC Jewellers shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Before the said acquisition of warrants and Unico Global Opportunities Fund held no warrants, convertible securities, voting rights, encumbrances, or shares in PC Jewellers which is the target company. Howeve...