Home Business News Three Adani Group Shares Transfer Out Of Further Surveillance

Three Adani Group Shares Transfer Out Of Further Surveillance

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Three Adani Group Shares Transfer Out Of Further Surveillance

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Final week, Adani promoters repaid share backed debt price $2.15 billion (or Rs 17,623 crore, as of March 12) in full forward of month-end deadline. The prepayments are aimed toward restoring confidence because the group shares crashed after the Hindenburg report.

The promoters additionally selected to prepay $500 million (about Rs 4,098 crore) financing for the acquisition of Ambuja Cements, which might push up its fairness stake within the cement firm to $2.6 billion (Rs 21,721 crore).

The reimbursement and prepayment is consistent with the promoters’ plans to prepay all share-backed debt earlier than the March 31 deadline.

On Thursday, Adani Enterprises inventory rose 0.21% greater at Rs 1,842, whereas Adani Energy dipped 1.68% to Rs 198.75 apiece. Adani Wilmar inventory broke 1.35% to shut at Rs 420.95 apiece.



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