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Adani Group repays loans of $2.65 billion to complete prepayment programme

13 Mar 2023 Evaluate

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.

Adani Enterprises Share Price

3040.00 84.10 (2.85%)
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Company Name CMP
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