Zoomcar announces debt restructuring amidst continued growth and leadership focus on financial stability

Bengaluru, india , oct. 16, 2024 /prnewswire/ -- zoomcar holdings, inc. ("zoomcar" or the "company") (nasdaq: zcar), the nasdaq-listed leading marketplace for self-drive car sharing, hit a major milestone in the debt restructuring process that is aimed at reducing the company's debt obligations of approximately $31 mm out of the total outstanding debt ("debt" and "payables") as on june 30, 2024. zoomcar has successfully negotiated with lenders and vendors who approximately owe 75% of the immediately payable debt.
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