On Friday, the producer of Mansion House brandy and Blue Lagoon gin revealed that it had fully repaid its restructured debt to Edelweiss Asset Reconstruction Co. (EARC).
According to a filing to the exchanges, the company said the total restructured debt amounting to ₹176.22 crore as of 30 June, has been settled.
"The prepayment has been funded by a debt of ₹130 crore from Kotak Mahindra Bank as well as the internal accruals of the company," it said.
Debt refinancing has facilitated the company's entry into conventional banking, and granting immediate flexibility in managing cash flows, paving the way for more investments in brand building, the company said.
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