Adani Group completes full prepayment of margin-linked share-backed loans

By  India Blooms News Service   Mar 14, 2023

Mumbai/IBNS: The Adani Group has completed the full prepayment of margin-linked share-backed financing aggregating $2.15 billion, well ahead of its committed timeline of March 31.

This is in continuation of the promoters commitment to repay the promoter leverage, the Adani Group said in a statement.

This is in line with promoters commitment to increase equity contribution, and promoters have now infused $2.6 billion, out of total acquisition value of $6.6 billion for Ambuja and ACC, the release said.

It testifies the strong liquidity management and access to capital at sponsor level, supplementing the solid capital prudency adopted at all portfolio companies, the group said.