FCC

Atmosphere Realty Redeems Rs 2.17 Billion NCDs Ahead of Schedule

2025-03-26

Atmosphere Realty (ARPL), a joint venture of The Wadhwa Group (50 per cent), Man Infra Construction Ltd (30 per cent), and Chandak Realtors (20 per cent), has fully redeemed Rs 2.17 billion secured Non-Convertible Debentures (NCDs) ahead of their scheduled 2030 maturity.

Issued on 9 December 2020, these 2,179 debentures (Rs 10 lakh each) were acquired by Marubeni Corporation, a Japanese conglomerate with a presence in over 65 countries.

The early redemption on 24 March 2025 was enabled by robust sales and internal accruals from Atmosphere O2, a premium gated community in Nahur, Mulund West, Mumbai.

This successful exit reinforces Marubeni’s confidence in partnering with reliable developers delivering high-quality, timely projects. Both Marubeni and ARPL plan to explore future collaborations following this transaction.