Marubeni Corp exits Atmosphere Realty with Rs 218 cr debenture redemption

Japanese institutional investor Marubeni Corporation has made a complete exit from Atmosphere Realty, a joint venture of three real estate developers in Mumbai.

Atmosphere Realty had raised Rs 217.9 crore through an issue of debentures to the investor in December 2020. The debentures were set to mature in December 2030, with a maximum tenor of 10 years.

The developer has financed the redemption of debentures through its internal accruals and sales of the project being undertaken in an eastern suburb of Mumbai, the company said in a release.


Marubeni Corporation is a Japanese conglomerate operating globally, with a diverse portfolio spanning industries such as food, energy, infrastructure, and more.