New Delhi, Sept. 22 -- Shares of PC Jeweller Limited rallied nearly 6.10% during Tuesday's intraday trading session after the jewellery maker announced a crucial update related to its outstanding debt clearance. The company has paid outstanding debt with another consortium bank.

PC Jeweller achieved another major milestone related to its outstanding debt in September. Inching closer to its long-term target of becoming debt-free, the company successfully cleared and repaid all its outstanding debt under the terms of Settlement Agreement dated 30 September 2024.

The company has now cleared outstanding debt of 12 out of the 14 consortium banks with all repayments completed ahead of scheduled due dates. As per its BSE filing, the company ha...