Adani refutes incomplete loan repayment report; says, fully prepaid $2.15 bln, released all promoter pledges

Adani Group has sought to refute a media report raising questions about completion of repayment of $2.15 billion in share-backed debt, saying that it has completed the full prepayment of $2.15 billion loans, paying off all share backed facilities availed by the promoters. This has freed up substantial share pledges for listed entities Adani Green, Adani Ports, Adani Transmission, and Adani Enterprises, leaving only residual share pledges on outstanding loans availed by respective operating companies, Adani Group said in a late night statement.