Ajmera Realty & Infra India Limited — Updates, 28-11-2024: Press Release

Ajmera Realty & Infra India Ltd (ARIIL) has repaid INR 100 crore of its corporate debt, significantly reducing its outstanding liabilities from INR 793 crore to INR 693 crore. This strategic move, funded by a recent equity offering of INR 225 crore, aims to lower interest payments and enhance returns. The company has reported ongoing improvements in its debt profile, showcasing a robust approach towards achieving a target of 5x growth. According to Director Mr. Dhaval Ajmera, this de-leveraging effort reinforces the company's commitment to stakeholder wealth creation and operational efficiency. ARIIL plans to use the freed up capital to accelerate project launches and enhance its overall corporate functionalities, indicating a positive outlook for future growth opportunities.