{"id":553472,"date":"2023-02-07T08:52:54","date_gmt":"2023-02-07T03:22:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=553472"},"modified":"2023-02-07T09:53:45","modified_gmt":"2023-02-07T04:23:45","slug":"adani-to-prepay-1-11-billion-loans-on-shares-denies-report-on-capex-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-to-prepay-1-11-billion-loans-on-shares-denies-report-on-capex-cut\/","title":{"rendered":"Adani to prepay $1.11 billion loans on shares, denies report on capex cut"},"content":{"rendered":"<p>(Reuters) -India&#8217;s Adani Group on Monday said shares related to some group companies will be released following the pre-payment of $1.11 billion of loans ahead of their maturity in 2024 while denying media reports that said the conglomerate was planning to cut back its capital spending.<\/p>\n<p>With the pre-payment of loans against shares, promoter holdings of 12% in Adani Ports and Special Economic Zone Ltd, 3% in Adani Green Energy Ltd and 1.4% in Adani Transmission Ltd will be released, the embattled group said in a statement.<\/p>\n<p>The loan pre-payment is &#8220;in light of recent market volatility and in continuation of the promoters&#8217; commitment to reduce the overall promoter leverage,&#8221; the group said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -India&#8217;s Adani Group on Monday said shares related to some group companies will be released following the pre-payment of $1.11 billion of loans ahead of their maturity in 2024 while denying media reports that said the conglomerate was planning to cut back its capital spending. With the pre-payment of loans against shares, promoter holdings of 12% in Adani Ports and Special Economic Zone Ltd, 3% in Adani Green Energy Ltd and 1.4% in Adani Transmission Ltd will be released, the embattled group said in a statement. The loan pre-payment is &#8220;in light of recent market volatility and in continuation [&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-553472","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\/553472","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=553472"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553472\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=553472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=553472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=553472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}