Omaxe repays ₹700 crore debt ahead of schedule
Omaxe Group, a leading real estate developer, has successfully repaid its entire ₹700 crore debt exposure to Samman Capital (formerly Indiabulls Housing Finance) ahead of schedule. This early repayment, funded by project cash flows, highlights the company's commitment to prudent financial management and disciplined growth.
The closure of this facility is a strategic step in Omaxe's ongoing efforts to optimize its balance sheet and enhance financial agility, building on consistent efforts to deleverage and strengthen its capital structure for future growth. The partnership with Samman Capital supported the construction of marquee projects across various key cities.
This achievement follows a series of recent milestones for Omaxe, including strategic capital infusion, strong sales growth, and continued delivery across residential and mixed-use projects in north and central India. The company aims to maintain this momentum by enhancing liquidity, optimizing leverage, and accelerating construction on ongoing developments.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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