Adani Group’s debt has reportedly increased by 21% in a year

Meanwhile, Mint reported that Adani Group and three domestic mutual funds have settled their bonds. At least, the Adani Group has repaid Rs 36.50 billion (US$445.31 million) worth of commercial paper, the report said. But Adani Group is yet to give an official response on any of these issues.

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After the Hindenburg Report, Adani focused mainly on repaying the loans and gaining the confidence of the investors. This also aims to increase the image at the global level. As a part of this, it was also tried to convey the message that the financial position of the company is safe by taking back the pledged shares. Such repayments were made even in loans that were years away from maturity.

Meanwhile, there were also reports that the Adani Group was trying to refinance after repaying its loans. But Adani Group CFO Jugeshinder Singh denied this. Adani Group had responded amid the controversy regarding the loans by saying that the information regarding the loans of the Adani Group will be officially available through the March filing.

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