PC Jewellers Achieves Debt-Free Status
PC Jewellers share price rallied over 3% in early trade on Monday after the company announced that it has become debt-free, having cleared outstanding dues of all 14 consortium banks. The company announced that it has successfully discharged the remaining outstanding debt of the banks and has achieved its financial objective of a Debt-Free status. The accomplishment of a debt-free status will materially strengthen the company’s balance sheet and financial position, it added.
