12/12/2024, 6:49:03 pm

PC Jeweller board approves issue of 5.17 cr shares to lenders

PC Jeweller Ltd's board has approved the issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt through a one-time settlement, with the shares to be issued at a price higher than the floor price, aiming to repay bank loans and meet working capital requirements.