BluSmart's Bond Repayment Crisis Resolved

• BluSmart Mobility defaulted on ₹30 crore worth of bonds in early February due to a cash crunch.
• The company managed to repay the bondholders over the weekend, avoiding a cross-default.
• A meeting with debenture holders is scheduled for March 17 to discuss the situation.
• BluSmart is in the process of raising ₹400 crore to support future capital requirements.
• The company remains confident in its growth trajectory and strategic expansion plans.

Source: Mint, Mint