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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

Indiatimes · 3d

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.

Your Story · 3d

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.

YAHOO!Finance · 3d

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,

Hosted on MSN1mon

Zoomcar's New AI Assistant: Ramps Up Car-Sharing In India With 24/7 Host Support

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) reported the launch of its Generative AI (Gen AI) Assistant. Based in Bengaluru, India, Zoomcar is a marketplace for car sharing focused in India. Now ...

Investing3d

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 ...

Nasdaq1mon

Zoomcar Pioneers AI Innovation: Unveils Beta AI Assistant to Enhance Host and Guest Experience

BENGALURU, India, Aug. 30, 2024 /PRNewswire/ -- Zoomcar, Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for ...

Benzinga.com9d

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 ...

Hosted on MSN2mon

Zoomcar Launches New All-in-One App To Boost Car Sharing Experience

Zoomcar, the leading self-drive car sharing platform listed on NASDAQ (ZCAR), has just launched an upgraded unified app, promising to transform the car sharing experience for both Guests and Hosts.

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