Pharmeasy founder says failure to deleverage was key reason for debt saga
Siddharth Shah’s comments came a day after API Holdings repaid Rs 1,050 crore of debt, becoming debt-free after years of pressure on its balance sheet following the acquisition of Thyrocare. The repayment was funded through the sale of a 9.9% stake in Thyrocare, paring its holding to 51.02%.
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