PC Jeweller repays 96% of bank debt, aims for debt-free status

PC Jeweller Ltd repaid over 96% of its outstanding bank debt, reducing borrowings significantly.

The company intends to clear the remaining less than 4% of bank debt during the current quarter, aiming for debt-free status.

The repayment follows earlier successful clearances of debt owed to several consortium banks.

PC Jeweller's stock closed at Rs 9.26 on Friday, up 1.54%, with a 52-week range of Rs 7.47 to Rs 16.10.

The company's market cap exceeds Rs 8,991.96 crore, and its stock has surged over 216% in the last 3 years.