PC Jeweller becomes debt-free, clears all 14 consortium bank loans
PCJEWELLER · price
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PC Jeweller has fully repaid all outstanding debt to 14 consortium banks, completing its Settlement Agreement dated September 30, 2024. All repayments were finished ahead of scheduled due dates. The company has now achieved a debt-free status, which it says will materially strengthen its balance sheet and financial position.
Debt-free status improves balance sheet health, removes interest burden, and gives the company more financial flexibility going forward.