Atmosphere Realty Fulfills Rs 218-Crore Commitment through Early Debenture Redemption

Atmosphere Realty Pvt Ltd has successfully cleared a Rs 218-crore debt from Japan's Marubeni Corporation. The company achieved this through the early redemption of debentures ahead of the maturity date. This was facilitated by successful sales of the 'Atmosphere O2' project in Mumbai.

Atmosphere Realty Pvt Ltd has demonstrated a notable milestone by clearing a Rs 218-crore debt owed to Japan's Marubeni Corporation, accomplishing this via early redemption of Non-Convertible Debentures (NCDs).

Initially slated to mature on December 9, 2030, these debentures, backed by a joint venture including The Wadhwa Group, were fully redeemed on March 24, 2025, thanks to robust sales and internal profits from 'Atmosphere O2', a high-end project in Mumbai.

The triumphant conclusion of this transaction not only assures the partners' confidence in timely project execution but also sets a promising precedent for future collaborations between Marubeni and Atmosphere Realty.

(With inputs from agencies.)