Adani Group has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
It has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another $700 million in loans taken for the acquisition of Ambuja Cement. The prepayment was done along with interest payment of $203 million.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
