ADANI PRE-PAYS ₹7.3K CR OF SHARE-BACKED LOANS
Business Standard|March 08, 2023
Embattled Adani Group on Tuesday said it has repaid share-based financing of ₹ 7,374 crore (over USD $900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors.
ADANI PRE-PAYS ₹7.3K CR OF SHARE-BACKED LOANS

The repayment will release pledge on shares of promoters in four group companies, it said in a statement, adding that together with repayments done earlier, the group has prepaid USD 2.016 billion of share-backed financing.

In September last year, CreditSights, a Fitch Group unit, said the group was "deeply overleveraged" as it used debt to expand an empire centred on ports and coal mining to include airports, data centres and cement as well as green energy.

هذه القصة مأخوذة من طبعة March 08, 2023 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 08, 2023 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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