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

Adani says $2.15 billion share-backed loans paid off; only operating company liabilities remain

Adani Group in a statement termed reports of the group not completing repayment of $2.15 billion share-backed debt “baseless and deliberately mischievous.”

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

The group's gross debt has grown from Rs 1.11 lakh crore in 2019 to Rs 2.21 lakh crore in 2023, according to a presentation made to investors last month.

Adani Group Says $2.15 Billion Share-Backed Loans Paid Off Fully

The Adani Group said it has completed full prepayment of margin-linked share-backed financing aggregating to $2.15 billion and all corresponding shares pledged for those facilities have been released.Adani Transmission Ltd.'s share pledges have reduced from 17.3% as on Dec. 31, 2022 to 4.7% as on March 27, group flagship Adani Enterprises Ltd. said in an exchange filing. Adani Green Energy Ltd.'s pledge shares are at 3.5% from 4.4%, Adani Transm…

Adani Group paid the loan of $ 2.15 billion, said – now only the loan of the companies is left

Shares of Adani Group firms fell closely