Ahead of maturity in Sep 2024, Adani Group to pre-pay $1.1 billion
Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024.
These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said.
“This is in continuation of promoters’ assurance to pre-pay all share-backed financing,” it said.
This statement assumes significance in view of the allegations of fraud and stock manipulation by a short-seller against the Adani Group, which led to a steep fall in the share prices of group firms.
