PC Jeweller cuts bank debt by 17% under deleveraging plan

PC Jeweller reduced its bank debt by seventeen percent as part of its mission to become debt free. The company approved allotment of over 51 crore equity shares to lenders, aiding balance sheet repair. Management said deleveraging improves financial stability and lowers interest costs. Analysts noted equity dilution but viewed debt reduction as a positive step for long term recovery and operational resilience going forward.