NEW DELHI: The Elan Group has completed an early repayment of its ₹875 crore loan from Asia Pragati Strategic Investment Fund, a division of PAG.
The investment, made in 2022, was allocated towards growth capital for the company.
This move to reduce debt is anticipated to decrease interest obligations, enhance liquidity, and provide opportunities for future project investment and land acquisitions.
The Elan Group’s portfolio includes 15 projects across Gurugram and New Delhi, totaling around 25 million sq ft in built-up area.