API Holdings Becomes Debt-Free, Repays ₹1,050 Crore and Releases Thyrocare Share Pledge

MUMBAI: API Holdings, the parent company of Thyrocare, has become debt-free after repaying its outstanding debt of ₹1,050 crore using proceeds from the sale of part of its Thyrocare stake and internal accruals.

Promoter and holding company Docon Technologies sold 1,57,69,696 Thyrocare shares, or about 9.90 per cent of the company’s paid-up equity, through market trades. Following the sale, Docon continues to hold a 51.02 per cent stake in Thyrocare.