{"id":557118,"date":"2023-02-21T10:04:19","date_gmt":"2023-02-21T04:34:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557118"},"modified":"2023-02-21T10:39:43","modified_gmt":"2023-02-21T05:09:43","slug":"adani-group-firm-repays-rs-1500-cr-in-comeback-strategy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-firm-repays-rs-1500-cr-in-comeback-strategy\/","title":{"rendered":"Adani group firm repays Rs 1,500 cr in comeback strategy"},"content":{"rendered":"<p>Adani group firm Adani Ports &amp; SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research.<\/p>\n<p>Adani Ports and SEZ paid SBI Mutual Funds&#8217; due amount of Rs 1,500 crore on Monday and will also pay another Rs 1,000 crore of commercial papers due in March (as per the payment scheme), a company spokesperson said.<\/p>\n<p>&#8220;This part prepayment is from the existing cash balance and funds generated from the business operations,&#8221; the spokesperson said. &#8220;This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani group firm Adani Ports &amp; SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research. Adani Ports and SEZ paid SBI Mutual Funds&#8217; due amount of Rs 1,500 crore on Monday and will also pay another Rs 1,000 crore of commercial papers due in March (as per the payment scheme), a company spokesperson said. &#8220;This part prepayment is from the existing cash balance and funds generated from the business operations,&#8221; the spokesperson said. &#8220;This underscores the confidence which [&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":[146,130,234],"tags":[],"class_list":["post-557118","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\/557118","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=557118"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557118\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}