Adani Group plans to prepay or repay share-backed loans worth between $690 million and $790 million (Rs 5,708 crore and Rs 6,536 crore) by end of March this year, two people with knowledge of the matter said, as it seeks to burnish its credit profile after a short-seller attack.
Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named as they were not authorised to speak to the media.
Those plans were presented by the Adani management to the group’s bondholders in Hong Kong on Tuesday.
