API Holdings Turns Debt-Free -- Repays ₹1,050 Crore, Frees Thyrocare Shares from Pledge
API Holdings, parent of Thyrocare, repaid its outstanding term debt of ₹1,050 crore using proceeds from selling part of its Thyrocare stake and internal accruals, making the group debt-free. Docon Technologies sold 9.90% of Thyrocare shares, keeping a 51.02% stake. The debt-linked pledge on remaining Thyrocare shares was released.




