Adani repays all share-backed loans, informs investors to regain faith
Billionaire Gautam Adani and his family have prepaid all borrowings backed by Adani Group company shares, senior executives at the conglomerate told investors at a meeting in London on Wednesday, according to people who attended.
The people did not want to be identified as the talks were confidential. A spokesperson for the company declined to comment.
The London meeting was part of a worldwide roadshow aimed at reassuring international investors that the ports-to-power empire’s finances are under control, after as much as $153 billion in combined market value was erased from company stocks following a January short seller’s report.
