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Adani Group prepays loans worth $2.65 bn

Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms and another $700mn in loans taken to acquire Ambuja Cement.

DTNEXT Bureau

NEW DELHI: Adani Group on Monday said it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms and another $700mn in loans taken to acquire Ambuja Cement.

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