Gautam Adani looks to prepay up to Rs 8,000 crore-loans against shares in 45 days to soothe investor nerves

Gautam Adani is planning to pre-pay its large parts of its loans against shares (LAS) portfolio of Rs 7000-8000 crores taken at the shareholder level which are backed by share pledges, to soothe investor nerves, said people in the know. A formal decision on this is expected on Monday itself. The plan is to start reducing the LAS exposure immediately and bring it down to zero in the next 30-45 days.