Looking To Reduce Debt To Rs 600 Crore By FY16: HSIL

RB Kabra, president of HSIL, spoke to NDTV
about the QIP issue. The company has
successfully raised Rs 250 crore which the
company is planning to use in reducing debt.
The total outstanding debt of the company
stands at Rs 1000 crore. The company plans to
reduce the debt to Rs 750 crore by end of FY15
and through internal accruals the company is
further looking to reduce the debt to Rs 600
crore as the interest outgo will also come down.