PC Jeweller Repays All Debt to 9 of 14 Banks

PC Jeweller Ltd has announced the successful clearance and repayment of all outstanding debt to one additional bank, bringing the total to 9 out of 14 consortium banks. This repayment was made ahead of schedule under a settlement agreement dated September 30, 2024. The company has also discharged over 96% of the outstanding debt for the remaining 5 banks. PC Jeweller remains on track to achieve a debt-free status within the current month, which is expected to significantly strengthen its balance sheet and financial position.