The Adani Group stated its promoters have pay as you go debt price of Rs 7,374 crore, or $902 million, backed by shares of 4 group firms, forward of its newest maturity in April 2025.

A complete of 23.3 crore shares shall be launched as a part of the newest prepayment, the apples-to-airports conglomerate stated on Tuesday. The prepayment shall be in opposition to financing from “varied worldwide banks and Indian monetary establishments”.

Below the prepayment plan, 15.5 crore shares of Adani Ports and Particular Financial Zone Ltd., representing 11.8% of the promoters’ holding, shall be launched. Equally, 3.1 crore shares (4%) of Adani Enterprises Ltd., 3.6 crore (4.5%) shares of Adani Transmission Ltd., and 1.1 crore shares (1.2%) of Adani Inexperienced Power Ltd. shall be launched.

Final month, the promoters pay as you go $1.1 billion in borrowings for Adani Ports and Particular Financial Zone, Adani Inexperienced Power and Adani Transmission forward of September 2024 maturity. Along with the sooner repayments in February, Adani Group has pay as you go $2.02 billion of share-backed financing, the conglomerate stated.

The promoters wish to prepay all share-backed financing earlier than March 31, the group stated.