Adani trying to win back investors’ trust, repays $2.15 billion loan

Adani group: Adani group has repaid the loan of Rs 7,374 crore taken by pledging shares in four companies.

Adani Group has repaid the debt of billions of rupees by pledging its shares.

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endangered Adani Group said on Sunday that it has repaid US$2.65 billion in debt to meet a prepayment program ahead of the March 31 deadline to win back investor confidence. Adani Group’s shares have seen huge fluctuations since an adverse report by American firm Hindenburg Research came out on January 24.

In a statement, the Adani Group said it has repaid a loan of US$2.15 billion that was taken by pledging shares in the group’s listed firms and also US$500 million of the loans taken for the acquisition of Ambuja Cements. is paid.

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Rs 7,374 crore loan repaid

This statement from the group has come after the recent announcement in which it told that it has repaid the loan of Rs 7,374 crore taken by pledging shares in four companies of the group. It has now been increased to $2.15 billion. While Adani Group did not disclose the source of money to repay the loan, it comes within days of promoters selling minority stake in four listed companies to US-based GQG Partners for Rs 15,446 crore.

American company made investment

A good news has come from America for Adani in difficult times. An American investment firm has invested Rs 15446 crore in 4 companies of Adani Group. The chairman of the company said that Adani Group has a better understanding of business, so he is investing in the company. Let us tell you that in the beginning of the year, a report by Hindenburg Research had caused a big loss to the Adani Group. In the report, big allegations of cheating were made on Adani. On these allegations, the Adani group had released its statement in 413 pages.

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