PC Jeweller Limited Reduces Bank Outstanding Debt by 10%, Crosses 90% Repayment Milestone
PC Jeweller Limited announced today that it has made substantial progress toward achieving a debt-free status by significantly reducing its outstanding bank debt. The company reported successfully repaying an additional 10% of its outstanding bank debt through actions taken under the existing Joint Settlement Agreement.The company stated that this latest repayment marks a major milestone in its commitment to financial recovery. With this reduction, PC Jeweller Limited has now discharged and repaid over 90% of its total outstanding bank debt since the execution of the initial settlement agreement.
The significant reduction reinforces the company's steady progress toward its stated financial goal of achieving a debt-free status in the near future.
PCJEWELLER Stock Price Movement
Today, PC Jeweller Limited shares edged higher to settle at ₹9.58, gaining 0.63% after trading for the day. The stock closed on strong conviction, recording a substantial total volume of 66.18 million shares.Source:
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