Loan Repayment: Can’t Pay Adani Loans? Stock exchanges asked for an explanation.. Adani condemned.. What is actually happening?

Loan Repayment: It is known that Adani Group made a key announcement regarding loans a few days ago. Earlier this month, it said that it has pre-paid the March 31 dues of loans obtained by mortgaging shares in banks (share-backed loans). It is known to be 2.15 billion dollars. But recently, The Can Report has released a sensational report on this. The Adani Group has expressed suspicion that the loan amount has not been repaid. It is alleged that banks usually release the respective shares to the promoters immediately after the loan is disbursed, but this did not happen here. It has been stated that only Adani Ports mortgage shares have been released, Adani Green Energy, Adani Transmission shares are also with the banks. In this background, immediately after the report came on Tuesday, the shares of Adani Group collapsed. Most hit the lower circuit. Shares of Adani Enterprises and Adani Ports fell sharply. A total of 10 shares fell. And the market value of Adani Group fell to Rs. 50 thousand crores in a single day. And Adani’s personal wealth has also evaporated over Rs.32 thousand crores.

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It is in this context that stock exchanges have stepped in to remove doubts among investors. Adani Group.. Has it repaid its loans? Or? NSE, BSE have advised Adani Group to provide clarity on the matter. Here.. the Ken report reveals that banks have reduced the burden by paying a new amount of loan to avoid selling mortgage shares.

On the other hand, NSE, BSE have sought clarification, Adani Group has denied The Can Report. They are all baseless allegations. It is said that all pledged shares have been released. Adani Group said to wait for stock exchanges to update the data to be submitted by the companies at the end of this March quarter regarding mortgage of shares. Against this backdrop, all Adani Group shares rallied in Wednesday’s session. Most of the upper circuit hit.. all are trading positive.

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