Tag: adani repays loans

Adani repays .15 billion loan taken pledging shares; prepays 0 million loan for Ambuja cement

Adani repays $2.15 billion loan taken pledging shares; prepays $500 million loan for Ambuja cement

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Embattled Adani Group on March 12 said it has repaid loans aggregating $2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a U.S. short seller. In a statement, Adani group said it has repaid […]

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Adani repays .15 billion loan taken pledging shares; prepays 0 million loan for Ambuja cement

Adani Group repays $2.15-billion loan due before March 31, prepays Ambuja Cements debt

cpooldigitalLeave a Comment on Adani Group repays $2.15-billion loan due before March 31, prepays Ambuja Cements debt

In continuation of its prepaying the finance, the Adani Group has completed full pre-payment of margin-linked share-backed financing aggregating to $2.15 billion before March 31. Additionally, the promoters have also prepaid the $500-million loan facility taken for financing the acquisition of Ambuja Cements Ltd. In a statement, the Group said entire pre-payment programme of $2.65 […]

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