Gautam Adani: Adani will pay the debts to the banks early.. this time with a big plan!

Gautam Adani: The Adani Group, which has been struggling for some time now, has taken a crucial decision. It is reported that Adani Group Chairman Gautam Adani is ready to repay the debts to the banks in advance to remove the stain on his group from the American short-selling company attack and to improve their financial condition. Adani Group.. Next month i.e. March, it has to pay more than Rs. 40 thousand crores of loans in Indian currency amounting to 500 million dollars to various banks. Adani is now planning to pay it a bit earlier.

Gautam Adani bought Holcim Limited Cement last year. For this, loans were obtained from various banks like Barclays Plc, Standard Chartered Plc, Deutsche Bank AG. A part of these should be paid on March 9. Now the Adani Group is ready to refinance those loans, but has decided to do so a bit earlier, an Adani spokesperson said. He disclosed that he is currently negotiating with the banks. Refinancing means refinancing the loan.

Adani’s company’s profit fell by 96 percent.. Oh no, is it Rs. 9 crore?

Gautam Adani, who was ranked third in the world till a few days ago, suddenly dropped out of the top-20 due to Hindenberg’s allegations. Not in the top-15 even now. Adani has also lost the status of the youngest in Asia. What Hindenburg said was that the Adani Group was involved in manipulations in the stock market and accounting frauds. Due to this, the market value of Adani companies and personal wealth fell. Adani Total Gas, Adani Enterprises, Adani Transmission, Adani Ports, Adani Power, Adani Wilmar, Adani Green Energy and the market value of these companies fell badly.

Huge losses for Adani companies.. Is your money safe in LIC, SBI?

But it seems that Adani has made good loans with many banks of India. It is reported that the State Bank of India alone has to pay Rs. 21 thousand crores. On the other hand Bank of Baroda and Punjab National Bank have also given loans to Adani Group. And there is no clarity on when these will be paid.

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Also Read: Loss of Rs. 8 Lakh Crores in a single day.. A blow to Google with that small mistake.. More than Gautam Adani!