[ad_1] 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 […]
Continue Reading
[ad_1] 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 […]
Continue Reading
[ad_1] A meeting of Opposition Parties’ Floor leaders discussing the Adani issue last month. File | Photo Credit: ANI The Congress will continue with its demand for a probe by the Joint Parliamentary Committee (JPC) on the Hindenburg-Adani revelations in the second part of the Budget Session that begins on Monday. The Trinamool Congress (TMC), the second largest […]
Continue Reading
[ad_1] The logo of the Adani group. File | Photo Credit: Reuters Embattled Adani Group on March 7 said it has repaid share-based financing of ₹7,374 crores (over $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 […]
Continue Reading
[ad_1] Indian billionaire Gautam Adani. | Photo Credit: Reuters Adani Group Chairman Gautam Adani is no longer among the 25 richest billionaires in the world after his net worth dipped below $43.4 billion on February 22, according to Forbes and Bloomberg indices. The fall comes more than a month after the U.S. short-seller Hindenburg Research […]
Continue Reading