PC Jeweller Reports Further Reduction in Bank Debt Under Joint Settlement Agreement
PC Jeweller Limited has reported a further reduction in its outstanding debt payable to banks, achieved through the settlement agreement with Consortium Lenders. The company announced the reduction of approximately 14% of the outstanding debt on April 10, 2026.This recent reduction marks significant progress towards the company's financial objective of achieving a debt-free status in the near future.
The company accomplished this debt reduction by utilizing the balance consideration received from the conversion of Fully Convertible Warrants. This process involved both the Promoter Group and Non-Promoter Public entities contributing to the settlement.
The debt reduction effectively discharged and repaid the majority of the outstanding debt owed to the banks.
PCJEWELLER Stock Price Movement
Shares of PC Jeweller Limited today slipped by 0.54% to settle at ₹9.17 after trading in the post-market session. The stock experienced notable volume, with 69.67 million shares transacted during the day's activity.Source:
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