Leading Indian multinational conglomerate Adani Group promoters have paid the amounts to pre-pay $1,114 million loans ahead of its maturity in September 2024, the company said in a statement.
The decision was taken in the of light market volatility and in continuation of the promoters’ commitment to reduce the overall promoter leverage.
With the repayment of the loans, shares of Adani listed companies Adani Ports and Special Economic Zone Limited (168.27 million shares), Adani Green Energy Limited (27.56 million shares), and Adani Transmission Limited (11.77 million shares) will be released in due course.
“This is in continuation of promoters’ assurance to prepay all share backed financing,” the statement said.