Adani Group firms pledge shares for lenders of AEL: SBICAP Trustee
Three Adani group companies have pledged shares for lenders to the Indian conglomerate’s flagship Adani Enterprises, which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said.
Adani Ports and Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm said in Friday filings to the Bombay Stock Exchange.
The trustee, a unit of India’s biggest state lender, State Bank of India, said it had pledges for shares worth 1% of Adani Ports, up from 0.65%, for 0.55% of Adani Transmission, up from 0.44%, and for 1.06% of Adani Green, up from 0.68%.
