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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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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The Supreme Court of India. | Photo Credit: SUSHIL KUMAR VERMA The Supreme Court on February 24 rejected a plea to restrict the media from reporting on the Adani-Hindenburg issue. The Chief Justice of India D.Y. Chandrachud said there is no question of gagging the media till the court pronounces the order. A plea was […]
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Adani Group building. | Photo Credit: The Hindu The combined value of Adani Group’s 10 companies — including Adani Ports, Adani Green Energy and Power — fell below the $100 billion mark on February 21, weeks after a searing report by the U.S. short-seller Hindenburg Research. Overall, the Adani Group has lost more than $135 […]
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