Debt

Evonith Steel has undertaken a significant financial restructuring by raising Rs. 1,750 crore to refinance its existing debt, signaling a strategic move to strengthen its balance sheet and optimize borrowing costs. A portion of this funding—Rs. 250 crore—has been secured through the issuance of non-convertible debentures. Meanwhile, in the financial services sector, AU Small Finance Bank has partnered with fintech platform CheQ to introduce a co-branded credit card, reflecting growing collaboration between traditional banks and digital ecosystems.

Signature Global Ltd has reported a sharp reduction in its net debt, bringing it down by 77 per cent to Rs 200 crore in the financial year 2025–26. The deleveraging reflects improved cash flows and disciplined financial management, positioning the company with a significantly stronger balance sheet. With cash and cash equivalents rising to Rs 2,770 crore, the developer is well-equipped to pursue future growth strategies.

Pakistan is accelerating efforts to stabilize its external financial position by arranging repayments worth approximately Rs 39,800 crore (USD 4.8 billion) by June. A significant portion—around Rs 29,000 crore (USD 3.5 billion)—is owed to the UAE across multiple facilities. The move comes amid mounting repayment obligations, including a maturing Eurobond and ongoing interest liabilities. At the same time, Islamabad has secured assurances of over Rs 41,400 crore (USD 5 billion) in financial support from allied nations.