9 months ago
Saya Group Repays ₹1,500 Crore Debt, Focuses on Financial Health
Imagine a company called Saya Group that builds houses.
Over the last five years, they've been paying back a lot of money they borrowed.
They paid back a total of Rs 1,500 crore to banks and other lenders.
This helps them have less debt, which is like having less money to pay back.
They did this to show they have a strong financial footing.
Recently, they also started a new luxury housing project in Ghaziabad with a partner.
Saya Group has a lot of projects, both built and currently being built, covering a large area.
Saya Group has reduced its debt by Rs 1,500 crore over the last five years.
The repaid debt included term loans, non-convertible debentures, and emergency credit lines.
Lenders involved in the repayment included IIFL Finance Ltd, YES Bank, and 360 One.
Saya Group aims to improve its financial fundamentals and reduce borrowing.
The company recently announced a joint venture for a luxury housing project in Ghaziabad and has a large real estate portfolio.
- Who
- Saya Group
- What
- Cleared Rs 1,500 crore in debt from financial institutions and investors
- Where
- India (projects in Ghaziabad mentioned)
- When
- Over the past five years
- Why
- To reduce borrowing and strengthen financial fundamentals
Key facts
- Debt Cleared
- Rs 1,500 crore
- Time Period
- Past five years
- Types of Debt
- Term loans, non-convertible debentures, guaranteed emergency credit line facilities
- Lenders Mentioned
- IIFL Finance Ltd, YES Bank, 360 One
- Managing Director
- Vikas Bhasin
- Recent Project
- Luxury housing project in Ghaziabad with Harmony Infra
- Total Real Estate Portfolio
- Over 4.99 lakh sq metre
Quotes
Vikas Bhasin
Saya Group Managing Director
“Clearing Rs1,500 crore of debt over the last five years reflects our strong financial fundamentals, efficient project execution, and unwavering commitment to our stakeholders.”
thehansindia.com
