Looking To Reduce Debt To Rs 600 Crore By FY16: HSIL
RB Kabra, president of HSIL, spoke to NDTV about the QIP issue. The company has successfully raised Rs 250 crore which the company is planning to use in reducing debt. The total outstanding debt of the company stands at Rs 1000 crore. The company plans to reduce the debt to Rs 750 crore by end of FY15 and through internal accruals the company is further looking to reduce the debt to Rs 600 crore as the interest outgo will also come down.
