{"id":553720,"date":"2023-02-07T10:42:12","date_gmt":"2023-02-07T05:12:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=553720"},"modified":"2023-02-07T12:27:51","modified_gmt":"2023-02-07T06:57:51","slug":"adani-group-to-pre-pay-1-1-bn-for-pledged-shares-release","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-to-pre-pay-1-1-bn-for-pledged-shares-release\/","title":{"rendered":"Adani Group to pre-pay $1.1 bn for pledged shares release"},"content":{"rendered":"<p>Adani Group on Monday said that the promoters will pre-pay $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 $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":[146,130,234],"tags":[],"class_list":["post-553720","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553720","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=553720"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553720\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=553720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=553720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=553720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}