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Funding and debt▲ Bullish for PC Jeweller
PC Jeweller clears dues to 14 banks and becomes debt-free
The brief
- PC Jeweller cleared dues to all 14 consortium banks ahead of schedule
- Its stock rallied 89% in six months
- Debt-free status may ease balance-sheet concerns for PC Jeweller 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
- PC Jeweller clears dues to 14 banks and becomes debt-free