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PharmEasy breaches Goldman Sachs loan's covenant: Report
short by Ashley Paul / on Friday, 2 June, 2023
E-pharmacy unicorn PharmEasy has reportedly breached its loan covenant terms with Goldman Sachs after it failed to raise ₹1,000 crore, The Economic Times reported. PharmEasy hasn't defaulted on any of its payment obligations yet despite failing to raise the equity after trying for a year and delaying its IPO. PharmEasy had borrowed ₹2,280 crore from Goldman Sachs in August 2022.
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