{"id":582287,"date":"2023-06-06T09:54:19","date_gmt":"2023-06-06T04:24:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582287"},"modified":"2023-06-06T10:54:49","modified_gmt":"2023-06-06T05:24:49","slug":"adani-group-repays-loans-worth-2-65-bn-to-complete-prepayment-programme","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-repays-loans-worth-2-65-bn-to-complete-prepayment-programme\/","title":{"rendered":"Adani Group repays loans worth $2.65 bn to complete prepayment programme"},"content":{"rendered":"<p>Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.<\/p>\n<p>In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate&#8217;s listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement.<\/p>\n<p>&#8220;The prepayment was done along with interest payment of USD 203 million,&#8221; it added.<\/p>\n<p>Further, the credit update states that the promoters completed the sale of shares in four listed group entities to GQG Partners,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate&#8217;s listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. &#8220;The prepayment was done along with interest payment of USD 203 million,&#8221; [&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-582287","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\/582287","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=582287"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582287\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}