DebtFree

Recycling company Vikas Ecotech on Friday said it is aiming to become debt-free by the financial year 2023-2024. The company has till date paid a debt of Rs 98.2 crore to its lenders and the outstanding amount remains at Rs 71.8 crore,…

Chairman of the Essel Group Dr Subhash Chandra, in an exclusive interview with Zee Business, stated that the group will soon become debt-free.The chairman added that the company's aim is to service debt by selling assets, and till now, it…

Country Club and Hospitality & Holidays Ltd. (CCHHL) will become a debt-free company within the next two quarters, said its chairman and managing director Y. Rajeev Reddy.“We have brought down our outstanding debt from ₹600 crore to…

Reuters | | Posted by Nisha Anand Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said on…

India’s Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said on Monday.Essar, built by brothers Shashi…

AHMEDABAD: In what is pegged as one of the largest mergers and acquisitions (M&A) deals, Ruia family-run Essar Group, on Monday announced the conclusion of transaction of its captive ports and power assets in Hazira and Pradip to…

Raymond Ltd. has undertaken cost reduction and resource mobilisation initiatives to become net debt-free by 2025.The net debt of the lifestyle to realty company stood at ₹1,088 crore as of March 2022, down from ₹1,416 crore as of March 2021…

In 2019, Patanjali had acquired Ruchi Soya for Rs 4,350 crore through an insolvency process. Baba Ramdev's Patanjali Ayurvedled Ruchi Soya has recently raised Rs 4,300 crore through its followon public offer, and the part of the proceeds…

Patanjali Ayurved-owned Ruchi Soya, whose ₹4,300 crore follow-on public offer (FPO) hit the capital markets on Thursday, aims to be a debt-free company by April through paying its debt of about ₹3,300 crore, Baba Ramdev said. Speaking at a…

<!-- -->Steel major Jindal prepays $357 million loan; aims to be debt-free by FY 23Homegrown steel major Jindal Steel and Power Limited (JSPL) on Sunday said its wholly-owned subsidiary in Mauritius has prepaid $357 million to…