MUMBAI: The Gautam Adani circle of relatives has totally pay as you go “margin-linked” share-backed loans price $2.2 billion (Rs 20,494 crore) approach forward in their adulthood dates, the conglomerate mentioned in a remark on Sunday.
Last week, they settled $133 million (Rs 1,885 crore) of share-backed financing. With this, the circle of relatives has repaid all of the share-backed loans on the sponsor degree, the gang mentioned.
Earlier, that they had repaid $2.02 billion (Rs 16,577 crore) of share-backed loans in two levels. In addition to the above, the circle of relatives remaining week additionally pay as you go a $500 million (Rs 4,098 crore) bridge mortgage taken for the Ambuja Cements acquisition financing. The repayments come after the circle of relatives raised $1.9 billion (Rs 15,446 crore) from Australia-listed US-based asset supervisor GQG Partners. The strikes are aimed toward restoring self assurance within the conglomerate’s monetary well being document after Hindenburg Research revealed a scathing document on its trade practices.
The circle of relatives had received Ambuja Cements and its arm ACC for $6.5 billion (Rs 53,278 crore) in September 2022. About 69% ($4.5 billion) of the whole attention was once financed thru international borrowings. At that point, the promoters additionally introduced an infusion of $2.44 billion (Rs 20,000 crore) in Ambuja Cements by the use of warrants over and above the acquisition price of $6.5 billion.
Adani Group clarified that one of the vital contemporary proportion pledges “pertained to a specific loan taken by Adani Enterprises not by the family”. “There are some pledges for OPCO (running corporate) degree loans that have stocks as collateral however those are very small. They are not up to 4% in Adani Transmission, Adani Green EnergyAdani Enterprises and Adani Ports and don’t have any margin name clause.
Last week, SBICAP Trustee mentioned that the Adani Group had pledged 0.76% of Adani Transmission and nil.99% of Adani Green Energy. Earlier, in February, too it had mentioned the conglomerate had pledged 0.11% of Adani Transmission, 0.38% of Adani Green Energy and nil.35% of Adani Ports.
Last week, they settled $133 million (Rs 1,885 crore) of share-backed financing. With this, the circle of relatives has repaid all of the share-backed loans on the sponsor degree, the gang mentioned.
Earlier, that they had repaid $2.02 billion (Rs 16,577 crore) of share-backed loans in two levels. In addition to the above, the circle of relatives remaining week additionally pay as you go a $500 million (Rs 4,098 crore) bridge mortgage taken for the Ambuja Cements acquisition financing. The repayments come after the circle of relatives raised $1.9 billion (Rs 15,446 crore) from Australia-listed US-based asset supervisor GQG Partners. The strikes are aimed toward restoring self assurance within the conglomerate’s monetary well being document after Hindenburg Research revealed a scathing document on its trade practices.
The circle of relatives had received Ambuja Cements and its arm ACC for $6.5 billion (Rs 53,278 crore) in September 2022. About 69% ($4.5 billion) of the whole attention was once financed thru international borrowings. At that point, the promoters additionally introduced an infusion of $2.44 billion (Rs 20,000 crore) in Ambuja Cements by the use of warrants over and above the acquisition price of $6.5 billion.
Adani Group clarified that one of the vital contemporary proportion pledges “pertained to a specific loan taken by Adani Enterprises not by the family”. “There are some pledges for OPCO (running corporate) degree loans that have stocks as collateral however those are very small. They are not up to 4% in Adani Transmission, Adani Green EnergyAdani Enterprises and Adani Ports and don’t have any margin name clause.
Last week, SBICAP Trustee mentioned that the Adani Group had pledged 0.76% of Adani Transmission and nil.99% of Adani Green Energy. Earlier, in February, too it had mentioned the conglomerate had pledged 0.11% of Adani Transmission, 0.38% of Adani Green Energy and nil.35% of Adani Ports.