Embassy Group has repaid Rs 17.48 billion in debt, utilising proceeds from WeWork India’s recent initial public offering (IPO) to strengthen its balance sheet and improve financial flexibility. The Bengaluru-based real estate developer said the move aligns with its strategy to deleverage and consolidate its position across commercial and residential assets.

The company’s debt repayment includes loans from banks and financial institutions, marking a significant step towards reducing overall leverage. The proceeds from WeWork India’s successful IPO, where Embassy held a key stake, were directed toward this repayment initiative.

Embassy Group has been focusing on streamlining its operations and optimising its asset portfolio amid evolving market conditions. The developer continues to expand its presence in Grade-A office spaces and integrated developments across India while maintaining a disciplined approach to capital management.

The group, known for co-developing Embassy Office Parks REIT—the country’s first listed real estate investment trust—has reaffirmed its commitment to sustainable growth and prudent financial governance through this deleveraging move.