PC Jeweller Ltd Clears Debt with Two Consortium Banks as Turnaround Journey Progresses
PC Jeweller Limited has made significant strides toward achieving a debt-free status in the current quarter, successfully clearing and repaying outstanding debts owed to two consortium banks.The repayment action was executed under the terms of a Settlement Agreement that was established on September 30, 2024. The company reported clearing its obligations to these two consortium banks out of a total of fourteen.
This milestone represents a crucial step in PC Jeweller’s ongoing turnaround process, bringing the company closer to its goal of eliminating all outstanding debt within the current financial quarter.
PCJEWELLER Stock Price Movement
Shares of PC Jeweller Limited settled lower today, slipping by 0.11% to close at ₹9.41. The stock saw heavy trading, with over 377.48 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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