Adani Group calls The Ken report on loan repayment baseless, mischievous

Adani Group has debunked The Ken’s news report which claimed that the Group has not completed repayment of $2.15 billion in share-backed debt, calling it “baseless and deliberately mischievous”. The clarification was issued by the company late Tuesday.

“The Ken, a digital publication, makes the baseless and deliberately mischievous claim that the Group has not completed repayment of $2.15 billion in share-backed debt. Adani has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion (see our media release of 12 Mar 2023) and all corresponding shares pledged for those facilities have been released,” a company release said.