PC Jeweller clears two more bank debts; promoter stake rises after warrant conversion
PC Jeweller says it has fully cleared dues with seven of its 14 consortium lenders after repaying two additional banks. The company also allotted 1.105 crore shares to promoter Balram Garg on warrant conversion, taking his holding to 38.76% from 38.69%.
PC Jeweller repaid debt owed to two more consortium banks, taking fully cleared lenders to seven of 14 as it targets debt-free status this quarter. It also allotted 1.105 crore shares to promoter Balram Garg after warrant conversion, lifting promoter ownership to 38.76%.
Why this matters
The update extends PC Jeweller’s recent deleveraging pattern: it previously reported repaying over 96% of bank debt and targeted debt-free status this quarter, while another signal tracked promoter stake growth.
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