Zoomcar Hit A Major Milestone In The Debt Restructuring Process That Is Aimed At Reducing The Company's Debt Obligations Of Approximately $31M Out Of The Total Outstanding Debt As On June 30, 2024
Portfolio Pulse from Benzinga Newsdesk
Zoomcar has achieved a significant milestone in its debt restructuring process, aiming to reduce its debt obligations by approximately $31 million from its total outstanding debt as of June 30, 2024.
October 16, 2024 | 8:02 am
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Zoomcar has made progress in its debt restructuring efforts, which could lead to a reduction of $31 million in its debt obligations by mid-2024.
The news indicates a positive development in Zoomcar's financial health by reducing its debt obligations. This can improve the company's balance sheet and potentially enhance investor confidence, leading to a positive short-term impact on the stock price.
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