Adani Group 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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
