Zoomcar implements debt restructuring for the next long drive
Zoomcar is actively restructuring its debt to reduce obligations of $31 million by June 30, 2024. The company has negotiated with lenders and vendors to convert 75% of its debt into deferred payments or reduced settlements.
Zoomcar Steers Toward Success with Major Debt Restructuring Plan
Zoomcar, a prominent self-drive car-sharing platform, has taken significant steps to restructure its debt as part of its efforts to reduce f..|News Track
Zoomcar announces debt restructuring with focus on financial stability
Zoomcar plans to finish its restructuring exercise by November 2024 to decrease cash outflow and invest in strategic initiatives for long-term sustainability and stakeholder value.
Zoomcar Announces Debt Restructuring Amidst Continued Growth and Leadership Focus on Financial Stability
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,
Zoomcar announces debt restructuring to lower immediate cash outflow
The NASDAQ-listed marketplace for self-drive car sharing, Zoomcar on Wednesday announced debt restructuring aimed at reducing the company’s debt obligations of about $31 million.
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Zoomcar cofounder Moran files plaint against firm over unpaid dues
Greg Moran, co-founder of Zoomcar, has filed a lawsuit against Zoomcar India and other entities after being dismissed as CEO. Moran claims he was pressured to relinquish employment rights and is ...
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ZCAR Zoomcar Holdings, Inc.
Zoomcar Holdings, Inc. operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable ...
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Zoomcar Holdings (NASDAQ:ZCAR) Stock Quotes, Forecast and News Summary
Zoomcar's New AI Assistant: Ramps Up Car-Sharing In India With 24/7 Host Support Zoomcar launched a beta version of its Generative AI Assistant, which enhances Host support and will soon aid ...
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Zoomcar shareholders approve reverse stock split, elect directors
Zoomcar Holdings, Inc., a Delaware-incorporated auto rental and leasing services provider, announced the outcomes of its annual meeting of stockholders on October 8, 2024. The meeting, which had ...