Embassy Group pays off ₹1,748 crore debt



NEW DELHI: Embassy Group has successfully repaid ₹1,748 crore in non-convertible debentures (NCDs), using funds from the WeWork India IPO offer for sale to lower its group-level debt.

Jitendra Virwani, the company’s chairman, stated, “This debt repayment not only strengthens our financial stability but also highlights our ongoing commitment to a solid and sustainable financial framework.”

This move has also reduced the group’s stake in WeWork India to 15%. Over the years, it has fully settled its ₹1,600 crore debt with Samaan Capital.

  • Published On Oct 15, 2025 at 03:33 PM IST

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