168.27 million shares of Adani Ports and SEZ, 11.77 million shares of Adani Transmission and 27.56 million shares of Adani Green Energy will come out of the mortgage if the promoters’ payments are completed. The Adani Group revealed that the promoters had earlier promised to repay the loans secured by the shares of their companies. It is believed that this is the right decision in the current situation.
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We are continuing the commitment of the promoters to prepay the loans taken with the shares of Adani listed companies, including the current market fluctuations. As part of that, the promoters decided to pay 1,114 million dollars in advance. The due date of those loans is September 2024.’ Adani Group issued a statement. On the other hand, Adani Group has denied the news of reducing capital spending.
The Hindenburg Report came out on January 24 last month. Since then the shares of Adani group companies have been falling heavily. In today’s trading as well, all the shares except Adani Enterprises and Adani Ports touched the lower circuit. Listed companies in the Adani group have lost more than 50 percent of their market capitalization.
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