Loan & Debt23 Sept 2026, 06:21 pm
PC Jeweller Clears Debt with 13 of 14 Banks
AI Summary
PC Jeweller Ltd has announced the successful clearance of outstanding debt with 13 out of 14 consortium banks, fulfilling its objective of achieving a debt-free status this month. The company has repaid over 99% of its bank debt ahead of schedule, with the remaining less than 1% expected to be discharged shortly. This significant deleveraging is anticipated to materially strengthen the company's balance sheet and financial position.
Key Highlights
- Company has repaid debt to 13 out of 14 consortium banks.
- Over 99% of outstanding bank debt has been cleared.
- Achieved debt-free status ahead of schedule.
- Balance sheet and financial position to be materially strengthened.
Price Impact
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