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Published 1 year ago

Adani group says $2.15 bn share-backed loans paid off, only operating co liabilities remain

Summary by Ground News
Adani Group has paid off all of the $2.15 billion loans taken pledging their shares in the conglomerate. Only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. The statement came after reports cited exchange filings showing banks not releasing a large portion of the promoters' shares held as collateral.

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