PC Jeweller prepays debt to 4 of 14 banks; board weighs QIP fundraise
PC Jeweller has prepaid loans to 4 of its 14 consortium banks ahead of schedule, advancing toward a debt-free status. Its board meets July 16 to consider a QIP to fund business expansion and strategic growth. Shares traded at Rs 10.38, down 1.89%.
PC Jeweller has prepaid debt to 4 of 14 consortium banks ahead of schedule, moving toward debt-free status. Its board meets today to consider QIP fundraising for business expansion and strategic growth projects.
Why this matters
Continues PC Jeweller's debt-reduction push, following clearance at a fourth bank and the July 16 board meet set to weigh a QIP, as the company nears completion of its debt cleanup.
Retail-company signals accelerating, up 822500% QoQ.