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Saturday, May 18, 2024

Adani prepays Rs 7,374 cr of share backed financing


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Chennai: The Adani Listed Companies have prepaid share backed financing of Rs 7,374 crore (USD 902 million).

A company release here today said “in continuation of promoters’ commitment to reduce the overall promoter leverage backed by adani Listed Company shares, we would like to inform that we have prepaid share backed financing of Rs 7,374 crore (USD 902 million)
ahead of its latest maturity in April 2025.

With the repayment of Rs 7,374 crore to various international banks and Indian financial institutions, the following Adani Listed Company shares shall be released–Adani Ports & Special Economic Zone Ltd:

155 million shares, representing 11.8% of the promoters’ holding, Adani Enterprises Limited: 31 million shares, representing 4.0% of promoters’ holding, Adani Transmission Limited: 36 million shares, representing 4.5% of promoters’ holding and Adani Green

Energy Limited: 11 million shares, representing 1.2% of promoters’ holding.
Along with the repayments done earlier in the month of February, Adani has prepaid USD 2,016 million of share backed financing, which is consistent with promoters’ commitment to prepay all share backed financing before March 31, 2023, the release said.

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