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Funding and debt▲ Bullish for PC Jeweller
PC Jeweller clears dues to all 14 consortium banks and becomes debt-free
The brief
- The company cleared approximately ₹3,000 crore of debt
- The repayment discharged all outstanding debt to the 14 consortium banks
- Debt clearance strengthens PC Jeweller’s balance sheet and reduces financial risk for shareholders
PC Jeweller repays consortium banks
PC Jeweller said it repaid all outstanding dues to its 14 consortium banks under a settlement agreement and became debt-free.
Monday, 28 September
Friday, 25 September
- PC Jeweller clears dues to all 14 consortium banks and becomes debt-free