Mumbai, March 18 -- This financial maneuver is aimed at lowering interest expenses. As on 31 December 2024, the company's net debt stood at Rs 188 crore, lower than Rs 311 crore at the same time last year.

Sumit Shah, Global CEO at Renaissance Global, remarked, "We are delighted to announce a reduction of our gross debt by Rs.53 Crore during Q4 FY25. We will continue our endeavor towards consistent reduction of debt to reduce our borrowing costs and achieve our eventual goal of becoming a zero net debt company."

The company emphasized its ongoing focus on enhancing its financial position through operational improvements and strategic capital allocation.

Renaissance Global is a global branded jewelry company that designs, manufactures, ...