PC Jeweller clears debt to one more bank, nears debt-free status
The company has now repaid all outstanding debt to 9 of the 14 consortium banks, with every repayment completed ahead of the scheduled due dates
PC Jeweller Ltd has made significant progress in clearing its outstanding debt, with the company repaying all debt to 9 of the 14 consortium banks ahead of scheduled due dates. The company has also discharged more than 96% of the outstanding debt owed to the remaining five banks, bringing it to within less than 4% of its goal for a debt-free status. This move, achieved through a one-time settlement agreement signed on September 30, 2024, is expected to materially strengthen the company's balance sheet.
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