New Delhi, July 8 -- PC Jeweller share price jumped 6% in early trade on Wednesday, July 8, after the company announced that it had repaid all its outstanding debt under the settlement agreement with two consortium banks, marking the beginning of its journey towards becoming debt-free.

In an exchange filing, the company said it has successfully cleared and repaid all outstanding dues covered under the Settlement Agreement dated 30 September 2024, with respect to two of the 14 consortium banks. The repayment is in line with its objective of achieving debt-free status this quarter.

The company said the development marks a significant milestone in its ongoing turnaround, with further debt repayments expected as part of its broader delevera...