After the report of Hindenburg Research, relief news has come for the creditors (lenders) from Adani Group, which is facing huge losses. Media reports are claiming that the Adani group has told its creditors that it has taken a loan of three billion dollars from a sovereign wealth fund. If sources are to be believed, the group has taken this step intending to allay concerns about the credit profile. The credit limit of the Sovereign Wealth Fund can be increased to five billion dollars.
Earlier it was reported that to improve the credit profile, the group is planning to repay the debt of Rs 5,705 to 6,532 crore ($ 69 to 79 million) taken by pledging the shares. It is believed that the company can prepay these loans in March itself.
80 percent drop after the Hindenburg report
According to media reports, Adani Green Energy is planning to refinance its 2024 bonds on a credit line of $800 million (about Rs 6615 crore) for three years. Explain that after the report of American short-seller Hindenburg Research, many shares of Adani Group have registered a decline of up to 80 percent.
trying to coordinate with investors
Adani Group is constantly trying to coordinate with the investors to address their concerns of the investors. The group is holding a two-day roadshow after meeting a dozen global banks in Singapore on Monday. A presentation of over 10 pages was also made on the Group's earnings to its total debt in Singapore.
Bomb Threats: In the last 24 hours, bomb threats were received on three flights, the flight going to London landed in Frankfurt
Incidents of bomb threats to Indian airlines are continuing. In the last 24 hours, three planes have received bomb threats. With this, the number of bomb threats to planes has increased to more than
International Education Day: This district of UP is becoming a stronghold of higher education, 10 thousand students from 40 countries are studying
Gautam Buddha Nagar is now being recognized internationally in the field of education as well. Every year more than 10 thousand foreign students are admitted to various institutions to study. Students
IPL 2024: Delhi Capitals players expressed unhappiness over the impact player rule, the coach's thinking is completely different
Delhi Capitals spinner Akshar Patel believes that the introduction of the Impact Player rule in the IPL has affected his batting order, while Mukesh Kumar wants that if this rule does not help
IPL 2025: Shreyas praised the bowlers for Punjab's victory, and Rajat held them responsible for RCB's defeat
Crediting the bowlers for the five-wicket win in the rain-affected 14-over match against Royal Challengers Bangalore, Punjab Kings captain Shreyas Iyer said that his bowlers adapted to the conditions
Operation Sindhu: Happiness on returning safely to India from troubled Iran, faces lit up after meeting family members; 1700+ have returned so far
Amid the two-week-long military conflict between Israel and Iran, India has launched Operation Sindhu for the safe return of its citizens. Under this operation, a special plane carrying 285 Indian
Ayodhya Ram Mandir: Job in private company after MBA, read who is Yogiraj Arun who shaped the idol of Ramlala
The idol of 'Ramlala' made by Karnataka's renowned sculptor Arun Yogiraj will be consecrated in the grand Ram temple built in Ayodhya. The idol of 'Ramlala' made by Yogiraj Arun has been finalized for
Twitter Logo: The bird flew away, and the dog came, Elon Musk made this change in the Twitter logo
Elon Musk changed the logo of Twitter on Tuesday. Now the dog is visible in the logo instead of the bluebird. Ever since Elon Musk acquired Twitter, he has made many changes. First started the
LokSabha Polls: In some places, the candidates returned the tickets and in some places, they took back the papers; How did Congress get into trouble before the elections?
Lok Sabha elections are currently going on in the country. Voting has taken place in two phases. In the seats where voting is yet to be held, all the parties are putting their efforts
Weather Update Today: There will be a heat wave in Delhi, and there is a possibility of rain in UP, read the latest weather update
Weather Update Today mercury has started rising in all the states of North India. Summer has knocked in many states of the country including Delhi, UP, Bihar, and Punjab. Due to strong sunlight during
JPC: 'Information about Waqf property will have to be given on the website within six months', the bill was accepted with these changes
Among the 14 amendments accepted by the Joint Committee (JPC) of Parliament on the Waqf (Amendment) Bill, the Bill makes it mandatory for every waqf property registered under the existing law to
