PC Jeweller clears outstanding debt with one more consortium bank
PCJEWELLER · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.9 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PC Jeweller has successfully cleared and repaid all outstanding debt to one more bank under its Settlement Agreement dated 30 September 2024. With this, the company has now fully repaid 3 out of the 14 consortium banks. The company aims to achieve debt-free status in the current quarter.
Positive for shareholders as the company moves toward becoming debt-free this quarter, reducing interest burden and financial risk.