Roadzen Strengthens Balance Sheet, Eliminates $5.5 Million in Short-Term Liabilities By Paying $1.65 million in Cash
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Roadzen has strengthened its balance sheet by eliminating $12.6 million in short-term liabilities over the past six months. This was achieved by paying $1.65 million in cash and issuing approximately 1.2 million ordinary shares at $2.80 per share.
February 04, 2025 | 2:15 pm
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Roadzen has reduced its short-term liabilities by $12.6 million, using $1.65 million in cash and issuing 1.2 million shares at $2.80 each, strengthening its balance sheet.
The reduction of $12.6 million in short-term liabilities improves Roadzen's financial health, potentially making it more attractive to investors. The use of cash and share issuance indicates a strategic approach to managing debt.
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