_pages-to-jpg-0001.jpg)
Embassy Group has announced the successful repayment of Rs1,748 crore worth of Non-Convertible Debentures (NCDs), following the Offer for Sale in the WeWork India IPO. This move significantly strengthens the Group’s balance sheet and reduces the pledge on its WeWork India shares to just 15%, reaffirming the asset’s strategic importance.
Over the years, the Group has also fully repaid its Rs1,600 crore debt to Samaan Capital, further consolidating its financial position and enhancing long-term resilience.
WeWork India’s strong operational performance and scalable business model have positioned it as the country’s leading flexible workspace provider. Its successful public listing highlights Embassy Group’s ability to nurture high-growth ventures and deliver sustained value to stakeholders.
Commenting on the milestone, Mr. Jitendra Virwani, Chairman, Embassy Group, said: “WeWork India IPO marks an important milestone in our ongoing efforts to strengthen our balance sheet. The debt reduction not only reinforces our financial stability but also underscores our continued commitment to maintaining a robust and sustainable financial framework.”
