Brief: Zoomcar Holdings Announces Debt Restructuring To Reduce $31 Mln Obligations

Zoomcar Holdings

16/10/2024 09:05

Oct 16 (Reuters) - Zoomcar Holdings Inc  ZCAR.O :
    * ZOOMCAR HOLDINGS INC - EXPECTS TO COMPLETE ENTIRE EXERCISE
BY
END OF NOVEMBER 2024 TO REDUCE IMMEDIATE CASH OUTFLOW 
    * ZOOMCAR ANNOUNCES DEBT RESTRUCTURING AMIDST CONTINUED
GROWTH AND
LEADERSHIP FOCUS ON FINANCIAL STABILITY
    * ZOOMCAR HOLDINGS INC - ANNOUNCES DEBT RESTRUCTURING TO
REDUCE
$31 MILLION OBLIGATIONS
    * ZOOMCAR HOLDINGS INC - SUCCESSFULLY NEGOTIATED WITH
LENDERS AND
VENDORS WHO APPROXIMATELY OWE 75% OF IMMEDIATELY PAYABLE DEBT.
    * ZOOMCAR HOLDINGS INC - 75% OF IMMEDIATE DEBT CONVERTED TO
DEFERRED PAYMENT OR REDUCED PAYOUT

Source text for Eikon: [ID: nPn6vtntma]
Further company coverage:  ZCAR.O 

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