Adani Group Repays $2.65 Billion Loan Before Deadline
Adani Group has made a significant announcement that it has repaid a loan of $2.65 billion before the deadline of 31st March to complete the pre-payment program. The move is likely to boost investor confidence in the company, which has been trying to win back trust after the negative report from American short-seller Hindenburg.
Key Highlights:
– Adani Group has repaid a loan of $2.65 billion before the deadline of 31st March to complete the pre-payment program.
– The move is likely to boost investor confidence in the company, which has been trying to win back trust after the negative report from American short-seller Hindenburg.
– The company has stated that its EBITDA has increased from INR 42,023 crore to INR 57,219 crore in FY23.
– Adani Group has also repaid a loan of $215 million, which was taken by keeping shares of listed companies as collateral.
Adani Group has been working hard to regain investor confidence after the negative report from Hindenburg. The repayment of the loan before the deadline is a significant step in this direction. The company’s EBITDA has increased from INR 42,023 crore to INR 57,219 crore in FY23, indicating a positive trend in the company’s financial performance.
In addition to the repayment of the $2.65 billion loan, Adani Group has also repaid a loan of $215 million. The loan was taken by keeping shares of listed companies as collateral. The company has also made a payment of $500 million for the acquisition of Ambuja Cement.
Overall, Adani Group’s announcement of repaying loans before the deadline and the positive trend in its financial performance is likely to boost investor confidence in the company.
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