Shares of PC Jeweller rallied 6.5% to Rs 10.01 on the BSE on Wednesday after the company announced it had repaid all its outstanding debt under the settlement agreement dated September 30, 2024, with two of its 14 consortium banks, as it works towards becoming debt-free in the current quarter.
“This marks the beginning of a significant milestone in the company’s ongoing turnaround journey,” the company said in a regulatory filing on July 7. According to the company, repayment of the remaining outstanding debt and attaining debt-free status during the ongoing quarter will significantly improve its financial position in the coming periods.
