Adani Group Loans

On its 28th anniversary, the Adani Foundation in collaboration with Adani Electricity Mumbai Ltd and Maharashtra Arthik Vikas Mandal facilitated loans worth Rs 1.10 crore to 56 ESHGs, aiming to make 4,000 women 'Lakhpati Didis' in the slums.

Most of the Adani stocks climbed in morning trade today after the Group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme.

Adani Group today said it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage.

The announcement comes within days of the group saying it has pre-paid Rs 7,374 crore (about USD 902 billion) loans that were taken pledging shares in four group companies.

The Adani Group plans to prepay or repay share-backed loans worth between $690 million and $790 million by the end of March this year, two people with knowledge of the matter said.

Adani group firm Adani Ports & 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 group is looking to repay the bridge loan with cash this month, the report said, citing people aware of the matter, adding that the loan had a tenor of six months and was part of a larger $5.25 billion financing package.

S&P Global Ratings on Tuesday said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be some secondary impact such as banks undertaking extra due diligence while giving loans to corporates.

The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.

Gautam Adani's ports unit is considering to repay about 50 billion rupees ($604.6 million) of loans, as the beleaguered Indian tycoon seeks to trim debt after a shor

The group owned by tycoon Gautam Adani lost around $120 billion in value after claims of accounting fraud were levelled by short-seller US investment group Hindenburg Research on January 24.

SBI chairman Dinesh Khara said the bank does not envisage the ports-to-mining group facing any challenge to service its debt obligations and stressed that SBI has not given any loans against shares to the group.

Ambuja Cements, now controlled by billionaire Gautam Adani-led Adani Group, on Wednesday said it has pledged 50.5 per cent shareholding in its subsidiary ACC Ltd as "collateral for loans taken by the company".

Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged.

Records related to loans given to industries promoted by Gautam Adani cannot be disclosed as these are held by State Bank of India in fiduciary capacity and involve commercial confidence, the Central Information Commission has held.

On its 28th anniversary, the Adani Foundation in collaboration with Adani Electricity Mumbai Ltd and Maharashtra Arthik Vikas Mandal facilitated loans worth Rs 1.10 crore to 56 ESHGs, aiming to make 4,000 women 'Lakhpati Didis' in the slums.

Most of the Adani stocks climbed in morning trade today after the Group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme.

Adani Group today said it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage.

The announcement comes within days of the group saying it has pre-paid Rs 7,374 crore (about USD 902 billion) loans that were taken pledging shares in four group companies.

The Adani Group plans to prepay or repay share-backed loans worth between $690 million and $790 million by the end of March this year, two people with knowledge of the matter said.

Adani group firm Adani Ports & 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 group is looking to repay the bridge loan with cash this month, the report said, citing people aware of the matter, adding that the loan had a tenor of six months and was part of a larger $5.25 billion financing package.

S&P Global Ratings on Tuesday said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be some secondary impact such as banks undertaking extra due diligence while giving loans to corporates.

The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.

Gautam Adani's ports unit is considering to repay about 50 billion rupees ($604.6 million) of loans, as the beleaguered Indian tycoon seeks to trim debt after a shor

The group owned by tycoon Gautam Adani lost around $120 billion in value after claims of accounting fraud were levelled by short-seller US investment group Hindenburg Research on January 24.

SBI chairman Dinesh Khara said the bank does not envisage the ports-to-mining group facing any challenge to service its debt obligations and stressed that SBI has not given any loans against shares to the group.

Ambuja Cements, now controlled by billionaire Gautam Adani-led Adani Group, on Wednesday said it has pledged 50.5 per cent shareholding in its subsidiary ACC Ltd as "collateral for loans taken by the company".

Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged.

Records related to loans given to industries promoted by Gautam Adani cannot be disclosed as these are held by State Bank of India in fiduciary capacity and involve commercial confidence, the Central Information Commission has held.