{"id":553465,"date":"2023-02-07T08:51:28","date_gmt":"2023-02-07T03:21:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=553465"},"modified":"2023-02-07T09:52:44","modified_gmt":"2023-02-07T04:22:44","slug":"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-1114-million-for-the-release-of-pledged-shares-of-its-firms-ahead-of","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/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-1114-million-for-the-release-of-pledged-shares-of-its-firms-ahead-of\/","title":{"rendered":"Ahead of maturity in Sep 2024, Adani Group to pre-pay $1.1 billion"},"content":{"rendered":"<p>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.<\/p>\n<p>These shares belong to Adani Ports &amp; Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said.<\/p>\n<p>&#8220;This is in continuation of promoters&#8217; assurance to pre-pay all share-backed financing,&#8221; it said.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. &#8220;This is in continuation of promoters&#8217; assurance to pre-pay all share-backed financing,&#8221; 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.<\/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-553465","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\/553465","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=553465"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553465\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=553465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=553465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=553465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}