Adani Groups Repays $2.65 Billion In Loans, Reduces Overall Leverage
NDTV
Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the group's listed firms and also another $700 million in loans taken for the acquisition of Ambuja Cement
Adani Group today said it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage.
In a credit note released today, Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the group's listed firms and also another $700 million in loans taken for the acquisition of Ambuja Cement.
"The prepayment was done along with interest payment of $203 million," the Adani Group said.
It said the promoters completed the sale of shares in four listed group entities to GQG Partners, a leading global investment firm, for $1.87 billion.
