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Embassy Group pays ₹1,748 crore debt using IPO proceeds, strengthens balance sheet
Embassy uses IPO sale funds to retire ₹1,748 crore debt, improving financial stability and credit metrics.
Embassy Group repaid ₹1,748 crore of non-convertible debenture liabilities, using funds raised through its WeWork India IPO sale. The repayment bolsters its balance sheet and lowers interest burden, signaling prudent capital allocation. Analysts view this move as improving credit metrics and investor confidence ahead of future projects. The group’s leverage reduction may help stabilize valuations. Market watchers expect more such strategic debt moves from major real estate players.