Adani Group, embattled over allegations of accounting fraud and stock price manipulation, has repaid loans amounting to USD 2.65 billion to complete its prepayment programme, announced on Monday. The move is aimed at reducing the overall leverage and regaining investor trust. Alongside the loan repayment, Adani Group sold shares in four of its listed group entities to global investment firm GQG Partners for USD 1.87 billion. The prepayment includes interest payment of USD 203 million and covers loans taken by pledging shares in listed firms and the acquisition of Ambuja Cement. Adani Group has denied all allegations of fraud and stock price manipulation and is seeking ways to make a comeback.
Adani Group Repays $2.65 Billion in Loans to Complete Prepayment Program
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