Browsing Tag

Debt Reduction

3 posts

WeWork India Raises INR 500 Crore via Rights Issue to Reduce Debt

WeWork India has successfully raised INR 500 crore through a rights issue, focusing on debt repayment and strengthening its financial position. CEO Karan Virwani emphasized that the move underscores investor confidence and supports long-term growth. Operating in eight cities, WeWork India offers over 1 lakh desks, catering to businesses of all sizes.
Lodha

Lodha Group Reports Pre-Sales of ₹45.1 Billion in Q3FY25

Lodha Group reported record-breaking pre-sales of ₹45.1 billion in Q3FY25, reflecting a 32% YoY growth. Collections surged by 66% to ₹42.9 billion. The company added eight new projects in FY25 and expanded into Bengaluru and NCR’s digital infrastructure sector. Net debt reduced by ₹6.1 billion, underscoring Lodha’s strategic growth and financial discipline.
Listed developers see their debt going down

Top 8 Listed Developers Slash Debt by 54% in Q1 FY25

The top eight listed developers in India have reduced their net debt by 54% in Q1 FY25, supported by a significant increase in booking values. The surge in residential sales across key cities marks a strong recovery in the sector.