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Hyve : Event organiser Hyve mulls equity raise to bolster liquidity amid pandemic

04/14/2020 | 02:28am

UK-based event organiser Hyve said on Tuesday it was considering raising equity among other options to shore up its balance sheet as it secured a debt commitment waiver for June amid the coronavirus pandemic.

The company, which has warned of a profit hit from the lockdowns, said last month it had drawn down 250 million pounds in credit facilities to bolster its short term liquidity.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Saumyadeb Chakrabarty)

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