Thyrocare: API Holdings Repays ₹1,700 Cr NCDs, Share Pledge Released

Thyrocare Technologies Ltd announced the complete discharge and release of transaction documents following the full redemption and repayment of Non-Convertible Debentures (NCDs) issued by API Holdings Limited, the ultimate holding company. These NCDs, aggregating to INR 1,700 crore, were secured by a pledge of equity shares held by Docon Technologies Private Limited in Thyrocare. The pledge has now been fully released, and all obligations under the NCDs and related transaction documents are discharged. This event has no impact on Thyrocare Technologies Limited.