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PC Jeweller repays 5 of 14 banks' loans, approves ₹1,000 crore QIP

PC Jeweller repaid another consortium bank loan, fully clearing dues of five of 14 banks ahead of schedule. The jewellery retailer is targeting debt-free status this quarter and has approved a Rs 1,000 crore QIP plus an authorised capital increase.

Newer report updates this story , : Debt now cleared with eight consortium banks, up from five of 14.

Read next

  1. PC Jeweller repays 8 of 14 consortium banks, targets debt-free status this quarter, , Business Today
  2. PC Jeweller’s Q1 FY27 revenue rises 21%; board clears ₹1,000 crore QIP, , Mint

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Reported figures

From the report. Source details below

Authorised share capital proposed to increase from Rs 1,310 crore to Rs 1,460 crore
150 crore new equity shares of Rs 1 face value proposed
Equity share capital proposed to rise from 1,050 crore to 1,200 crore shares
NSE share price: Rs 9.92, down 1.59%
BSE share price: Rs 9.92, down 1.39%

Also in the report

  • Targeting debt-free status during the current quarter

The source

Source Read the source at Business Today

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