Embassy Group Repays Rs 17.5 Billion NCDs After WeWork IPO

23 Oct 2025 CW Team

Embassy Group has announced the repayment of Rs 17.48 billion worth of non-convertible debentures (NCDs) using proceeds from the Offer for Sale (OFS) in the recently concluded WeWork India IPO.

The repayment marks a key milestone in the Group’s deleveraging strategy, significantly strengthening its balance sheet and reducing the pledge on its WeWork India shares to 15 per cent. The move reflects Embassy’s confidence in WeWork India as a long-term strategic asset within its investment portfolio.

In addition to this, Embassy Group has previously fully repaid Rs 16 billion in debt to Samaan Capital, further consolidating its financial position and lowering overall leverage.

WeWork India, in which Embassy holds a major stake, has become the country’s leading flexible workspace provider, driven by robust operations and a scalable business model. The company’s successful IPO has been seen as an endorsement of Embassy Group’s strategic foresight and its ability to develop market-leading ventures.

Jitendra Virwani, Chairman of Embassy Group, said, “The WeWork India IPO marks a significant step in our journey towards financial discipline. This debt reduction reinforces our financial stability and reflects our commitment to maintaining a strong and sustainable capital structure.”

The development places Embassy Group on a firmer financial footing as it continues to expand its real estate portfolio and invest in high-growth commercial and co-working segments.

Infrastructure Urban

09 Feb 2026

Eicher Delivers First 13.5 m Electric Intercity Sleeper Bus

Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd., has recently delivered its first 13.5 m electric intercity sleeper bus, marking a key milestone in India’s long-distance electric mobility segment. The first bus is being operated by LeafyBus, with plans to deploy 35 buses by March 2026 across high-demand intercity corridors in North India.The initial deployment will cover routes such as Delhi–Dehradun and Delhi–Lucknow, supporting LeafyBus’ expansion across environmentally sensitive and high-density travel corridors.Commenting on the partnership, Suresh Chettia..

HCSS Showcases Unified Construction Platform at CONEXPO 2026

HCSS will recently present the next evolution of its connected construction management platform at CONEXPO-CON/AGG 2026, bringing together construction workflows, data and teams on a single platform across the entire project lifecycle. The event will be held from 3–7 March 2026 in Las Vegas, Nevada. HCSS will host two booths at the show, demonstrating how its integrated software ecosystem enables seamless collaboration between the office, field and shop, from bid stage through to project closeout. Steve McGough, President and CEO, HCSS, said, “For 40 years, we’ve done everything within..

Berger Paints Q3 Profit Declines Despite Volume Growth

Berger Paints India has reported a mixed performance for the quarter ended 31 December 2025, with healthy volume growth and margin improvement offset by softer demand conditions and cost pressures. On a consolidated basis, revenue from operations for the quarter stood at Rs 29,840 million, compared to Rs 29,751 million in the corresponding quarter last year, reflecting a marginal increase of 0.3 per cent. EBITDA (excluding other income) was Rs 4,710 million, slightly lower than Rs 4,717 million a year earlier. Net profit declined by 8.3 per cent to Rs 2,713 million from Rs 2,960 million. Sta..