New Delhi, July 9 -- PC Jeweller share price surged over 13% on Thursday, 9 July, extending gains for the second straight session after the jewellery retailer, on Tuesday, said it has successfully cleared and repaid all its outstanding debt.

PC Jeweller has repaid all its debt owed to two lenders from its consortium of 14 banks, taking another step towards its target of becoming debt-free during the current quarter.

The company, in an exchange filing on July 7, said the repayment was made under the settlement agreement signed with the consortium banks on September 30, 2024. It described the move as the beginning of a significant milestone in its turnaround journey.

"The Company is pleased to inform that, today, in line with its objecti...