On 6 July, the parent issued a "strategic update" detailing its plans to be debt-free this year, mentioning the key role of EbixCash listing and partial asset sale. It stated: "Amendment No. 14 also specifically provides for the application of a certain percentage of the proceeds from certain liquidity events towards payment of outstanding principal and interest obligations at that time. These events would include the mandatory public listing of the shares of the company's subsidiary EbixCash on the by 31 July 2023, the proceeds from the issuance of any additional debt and/or securities if raised by the firm and the proceeds from the monetization of any asset sale, if carried out by the firm."