WIRE — Shares of Delhi-based PC Jeweller will be on investors' radar, as the company has shared key updates on its debt-clearing progress and capital structure changes. The company has informed exchanges that it has cleared and repaid all outstanding debt of two more banks. With this, it has fully repaid the outstanding debt owed to seven of the 14 consortium banks. "The company would like to further inform that the outstanding debts of all the 7 banks have been prepaid and discharged well before the scheduled due date of their repayment...," the filing reads. Meanwhile, the board of directors of the company has also approved the allotment of 1.105 crore equity shares with face value of Re 1 each to a promoter.
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