PC Jeweller Ltd, a prominent jewelry company in India, has made substantial progress in reducing its bank loans to around Rs 1,800 crore in the ongoing fiscal year with the goal of achieving a debt-free status by March next year. The company's efforts come on the heels of a robust sales recovery. PC Jeweller is now gearing up to raise more than Rs 1,500 crore through a preferential issue of warrants in the upcoming fiscal year. This strategic move is expected to further strengthen the company's financial position and support its growth trajectory.