Adani Ports and Special Economic Zone Ltd.

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Adani Ports pays SBI Mutual Funds' due amount of Rs 1,500 crore

Date: 21-02-2023

Adani Ports and Special Economic Zone (APSEZ) has paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research.

The company paid SBI Mutual Funds' due amount of Rs 1,500 crore and will also pay another Rs 1,000 crore of commercial papers due in March (as per the payment scheme).

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.