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Exclusive: Wockhardt now exploring brand portfolio sales to reduce debt

Updated : June 19, 2019 10:31 AM IST

The Mumbai-headquartered firm is now reaching out to strategic suitors and is exploring the sale of select brand portfolios, sources said.
Wockhardt has a total debt burden of Rs 3,737 crore as of March 31, 2018, and its current market cap is Rs 4,142 crore.
On March 29, 2019, India Ratings & Research had highlighted a significant refinancing risk for the company in FY20.
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