On Monday, Adani Group disclosed that its promoters would pay USD 1.114 billion in advance to release share-backed loans before their September 2024 maturity date.
According to the group, this is in keeping with the promoters’ promise to pay off all share-backed financing in advance and also takes into account the recent market volatility.
With the repayment of the mentioned amount, the following Adani Listed Company shares shall be released in due course:
Adani Ports and Special Economic Zone Ltd: 168.27 million shares, representing 12 per cent of the promoters’ holding
Adani Green Energy Limited: 27.56 million shares, representing 3 per cent of promoters’ holding
Adani Transmission Limited: 11.77 million shares, representing 1.4 per cent of promoters’ holding.
