{"id":561379,"date":"2023-03-09T08:49:59","date_gmt":"2023-03-09T03:19:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=561379"},"modified":"2023-03-09T09:19:47","modified_gmt":"2023-03-09T03:49:47","slug":"adani-group-pre-pays-over-900-million-worth-share-backed-financing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-pre-pays-over-900-million-worth-share-backed-financing\/","title":{"rendered":"Adani Group pre-pays over $900 million worth share-backed financing"},"content":{"rendered":"<p>Embattled Indian conglomerate Adani said on Tuesday it prepaid share-backed financing of 73.74 billion rupees ($901.16 million), as part of its promoters&#8217; commitment to cut overall leverage backed by shares of the Group&#8217;s listed companies.<\/p>\n<p>The billionaire Gautam Adani-led Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation, which Adani denied.<\/p>\n<p>Promoters of the group&#8217;s flagship firm, Adani Enterprises will release 31 million shares, or a 4% stake, while Adani Ports&#8217; promoters will release 155 million shares, or an 11.8% stake, the group said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Embattled Indian conglomerate Adani said on Tuesday it prepaid share-backed financing of 73.74 billion rupees ($901.16 million), as part of its promoters&#8217; commitment to cut overall leverage backed by shares of the Group&#8217;s listed companies. The billionaire Gautam Adani-led Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation, which Adani denied. Promoters of the group&#8217;s flagship firm, Adani Enterprises will release 31 million shares, or a 4% stake, while Adani Ports&#8217; promoters will release 155 million shares, or [&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-561379","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\/561379","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=561379"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561379\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=561379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=561379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=561379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}