Elan Group repays ₹875 crore to Asia Pragati ahead of schedule, ETRealty

NEW DELHI: Elan Group has made an early repayment of its ₹875 crore debt availed from Asia Pragati Strategic Investment Fund, part of PAG.

Asia Pragati invested in the company in the year 2022, with the funds used towards growth capital.

This deleveraging is expected to reduce interest liabilities, strengthen liquidity and create headroom for reinvestment into future projects and land acquisitions.

Elan Group has a portfolio of 15 projects spread across Gurugram and New Delhi, offering a built-up area of approximately 25 million sq ft.

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