Adani Group has repaid loans aggregating $2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage. It has repaid $2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms and also another $500 million in loans taken for the acquisition of Ambuja Cement.
Earlier, it had pre-paid Rs 7,374 crore (about $902 million) loans that were taken pledging shares in four group companies. This has now been scaled up to $2.15 billion.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
