Adarsh Developers slashes debt by repaying Rs 750 cr Edelweiss debt, lowers funding costs with refinancing
Adarsh Developers, a Bengaluru-based real estate firm, has repaid a Rs 750 crore loan from Edelweiss Alternative Asset Advisors. This was achieved through operational cash flow and lower-cost refinancing from banks. The company also raised Rs 1,900 crore from a land sale to Mapletree Investments, significantly improving its financial position.