28-07-2025
Omaxe Group secures ₹500 crore funding from Oaktree
NEW DELHI:
Omaxe Group
has secured funding of ₹500 crore from funds managed by
Oaktree Capital Management L.P.
(Oaktree).
The funding will accelerate delivery timelines for residential, commercial, and public-private partnership (PPP) developments, including its infrastructure, commercial, and residential projects. It will also provide growth capital for the company's ongoing projects.
"This fund infusion enables us to move faster on construction, reduce market dependence, and strategically invest in new opportunities that align with our core markets," said
Mohit Goel
, managing director of the company.
Atul Banshal
, director (Finance) of the company said, "We have taken meaningful steps to strengthen our balance sheet and improve financial flexibility in the last few years, repaying significant debt while delivering consistent sales growth and creating easily monetisable projects funnel. With no immediate liability to repay, most of the funds would be used for faster execution and create additional headroom to explore expansion in select markets."
In the last two financial years, the company has repaid net ₹1,285 crore to lenders as principal payment, reducing overall net debt to ₹300 crore.
In a separate regulatory filing, the company informed that Omaxe New Chandigarh Developers, a wholly-owned
subsidiary of the company, has successfully raised ₹431 crore by issuance and allotment of 43,100 unlisted, senior, secured, redeemable non-convertible debentures (NCDs) of face value ₹1 lakh each through private placement. The funds have been raised from OCM India Opportunities XII Alternate Investment Fund Scheme I.
