{"id":551567,"date":"2023-02-01T09:31:18","date_gmt":"2023-02-01T04:01:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551567"},"modified":"2023-02-01T10:40:16","modified_gmt":"2023-02-01T05:10:16","slug":"adani-group-tops-up-collateral-on-1-billion-loan-after-stock-rout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-tops-up-collateral-on-1-billion-loan-after-stock-rout\/","title":{"rendered":"Adani group tops up collateral on $1 billion loan after stock rout"},"content":{"rendered":"<p>Adani Group put up millions of dollars worth of shares to maintain its collateral cover on a $1 billion loan after a steep selloff in shares across the conglomerate, according to people familiar with the matter.<\/p>\n<p>Adani on Friday added about $300 million worth of shares for a loan made by a group of banks including Barclays Plc, one of the people said, asking not to be named discussing internal matters.<\/p>\n<p>The conglomerate has a dedicated basket of $2.5 billion in shares of different units that\u2019s set aside in case they\u2019re needed for such top-ups during price fluctuations, the people said. The loan was extended with shares pledged at 2.5 times the borrowed amount and the trigger for top-up was 2 times, the people added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Group put up millions of dollars worth of shares to maintain its collateral cover on a $1 billion loan after a steep selloff in shares across the conglomerate, according to people familiar with the matter. Adani on Friday added about $300 million worth of shares for a loan made by a group of banks including Barclays Plc, one of the people said, asking not to be named discussing internal matters. The conglomerate has a dedicated basket of $2.5 billion in shares of different units that\u2019s set aside in case they\u2019re needed for such top-ups during price fluctuations, the people [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-551567","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=551567"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551567\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}