PC Jeweller Repays Debt to 7 of 14 Consortium Banks

PC Jeweller Ltd has announced the successful clearance and repayment of all outstanding debt to two additional banks, as per the Settlement Agreement dated 30 September 2024. This brings the total number of consortium banks whose debts have been fully repaid to seven out of fourteen. The company reiterates its objective of achieving a debt-free status within the current quarter, with these repayments being made ahead of their scheduled due dates. This move signifies a significant step towards financial restructuring and strengthening the company's balance sheet.