World & BusinessPC Jeweller reportedly becomes debt-free after clearing dues to all 14 consortium banks
The Economic Times reports that the jeweller had approximately Rs 3,000 crore in debt before its settlement agreement.
TLDR
PC Jeweller has cleared its dues with all 14 consortium banks and become debt-free, The Economic Times reports. The company opted for a one-time settlement in September 2024 to address outstanding dues; its debt before the agreement was approximately Rs 3,000 crore.
PC Jeweller reportedly becomes debt-free after clearing dues to all 14 consortium banks
The Economic Times reports that the jeweller had approximately Rs 3,000 crore in debt before its settlement agreement.
TLDR
PC Jeweller has cleared its dues with all 14 consortium banks and become debt-free, The Economic Times reports. The company opted for a one-time settlement in September 2024 to address outstanding dues; its debt before the agreement was approximately Rs 3,000 crore.