Awfis secures INR 800 million credit facilities from IDFC First Bank
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Awfis Space Solutions has executed two loan agreements with IDFC First Bank on September 29, 2026. These include an overdraft facility of INR 50 million for working capital needs and a corporate term loan of INR 750 million for capital expenditure reimbursement and fresh capex. Total new credit lines amount to INR 800 million. Overdraft is secured by a 20 percent fixed deposit margin. Term loan is secured by movable fixed assets, an escrow on receivables, and a debt service reserve account covering two months of principal and interest.
New INR 800 million credit lines strengthen liquidity for working capital and expansion. Positive for growth, but increases debt obligations going forward.