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Published: Mar 31, 2023
Updated: Mar 31, 2023
The turnaround in Adani group stocks has come as a breather for its small shareholders. Thanks to prepayment of loans, Adani shares are fast recovering. The Adanis have stated that they have prepaid share-backed financing of another Rs 7,374 crore ($ 902 million) ahead of its latest maturity in April 2025.
With this repayment, 155 million shares of Adani Ports & Special Economic Zone Ltd, 31 million shares of Adani Enterprises Limited, 36 million shares of Adani Transmission Limited, and 11 million shares of Adani Green Energy Limited will be released. With this, the group has prepaid $2 billion of loans to the banks, thus showing the healthy liquidity of the group.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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