Adani prepays $2.15 billion loans as part of debt repayment plan before deadline

The Adani Group has completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline of March 31, 2023. The company also prepaid a $500 million facility it had taken for Ambuja acquisition financing. This is in line with promoters’ commitment to increase equity contribution and promoters have now infused $2.6 billion of the total acquisition value of $6.6 billion for Ambuja and ACC.