Adani Group rubbishes report on debt repayment concerns after shares turn red

Adani stocks advance as group promptly rebuts debt repayment reports

Adani Group shares rose Wednesday after the conglomerate rebutted reports about its ability to repay debt, easing renewed concerns about a crisis of

Adani Group rubbishes report on debt repayment concerns after shares turn red

A day after a media report claimed that Adani Group had not repaid its loans against promoter's shares, the company has come out with a statement. Rubbishing the assertions, Adani Group said the report was 'baseless' and 'deliberately mischievous'.  The company said it had completed 'full prepayment' of margin-linked share-backed financing aggregating to $2.15 billion. The conglomerate added all shares pledged for such loans had also been releas

Adani stocks advance as group rebuts debt repayment reports

Adani Group said it had paid off share-backed financing amounting to $2.15 billion

Adani group refutes reports on debt repayment concerns

Adani group's plans to renegotiate terms on $4 bn of loans have raised concerns over its ability to repay its debts, according to a report by The Economic Times that sent shares tumbling. It has also been suggested that regulatory filings show banks have not released much of Gautam Adani's pledged shares, but the statement claimed that all "share-backed facilities availed by the promoters have been paid off".

Adani refutes reports on debt repayment concerns as shares slide

Adani units slumped Tuesday after India’s Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.

Adani stocks rise after group refutes report on debt repayment; Adani Enterprises surges 8%

Eight of ten Adani group stocks were trading in green, barring Transmission and Total Gas, with the conglomerate’s cumulative m-cap rising to ₹9.04 lakh crore.