Glenmark had gross debt of ₹3,765 crore as of June 30, 2022. The company over the years accumulated debt to fund its innovation-led R&D and fund capex, but with growth in key US market stuttering, it has been focusing on cutting debt and improving cash flows. In FY22, Glenmark reduced its debt by around ₹1,200 crore.from Healthcare/Biotech-Industry-Economic Times https://ift.tt/WV1YD8K
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