PC Jeweller shares rebound as promoters boost stake and debt clearance accelerates

The Indian jeweller's promoters increased their holding to 38.76% via preferential allotment, while the company cleared outstanding debt with seven of its fourteen consortium banks.

{{L:By}} Handelsavisen Newsroom · {{L:Automated}} 2026-08-04 11:08 UTC · 1 {{L:min read}}

PC Jeweller shares recovered from early intraday lows on Tuesday, buoyed by news of significant progress in the company's debt restructuring and a fresh capital injection from its promoters.

The jewellery retailer announced that its promoters have increased their shareholding to 38.76% following a preferential allotment of shares.

Simultaneously, the company reported that it has successfully cleared and repaid all outstanding debt owed to seven of its fourteen consortium banks.

This move signals renewed confidence from the ownership group as the company navigates its financial turnaround.

Simultaneously, the company reported that it has successfully cleared and repaid all outstanding debt owed to seven of its fourteen consortium banks.

This milestone marks a critical step in reducing the firm's leverage and easing pressure on its balance sheet.

The stock, which trades under the ₹10 threshold, initially dipped to ₹9.04 before rebounding 3.5% from its day's low.