BRIEF-Zoomcar Holdings Announces Debt Restructuring To Reduce $31 Mln Obligations

Reuters

2024-10-16

Oct 16 (Reuters) - Zoomcar Holdings Inc :

* 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:

((Reuters.briefs@thomsonreuters.com;))

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