API Holdings Turns Debt-Free -- Repays ₹1,050 Crore, Frees Thyrocare Shares from Pledge
Digital healthcare platform API Holdings, the parent company
of businesses such as PharmEasy, Thyrocare and Docon, has turned debt-free
following the repayment of outstanding debts worth Rs 1,050 crore.
This was funded through proceeds from a recent sale of a
portion of its stake in Thyrocare Technologies and internal accruals.
According to a statement from the company, the development
comes after Docon Technologies Private Limited, the promoter and holding
company of Thyrocare, sold 1,57,69,696 Thyrocare shares, representing around
9.90% of the company’s paid-up equity share capital, through market trades.
Following the sale, Docon continues to remain the promoter and holding company
of Thyrocare with a 51.02% stake.
Admin
August 18, 2026