Rentomojo Clarifies Debt Raise News, Cites Ordinary Course Business

Rentomojo Ltd has issued a clarification regarding a news item suggesting a new debt raise. The company states that the news misrepresented its routine business activity of availing debt for capital expenditure and acquiring rental assets, as disclosed in its prospectus. The Board and shareholders have already authorized borrowing up to ₹10,000 million. The CEO's interview highlighted the ordinary course funding model, not a new debt raise. Occupancy rates mentioned were also pre-disclosed information. Rentomojo confirms no new debt raise negotiations are underway and believes the article has no material impact on its operations or financial position.