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.
Shraddha Kapoor is back with the sequel of the 2018 hit film 'Stree'. Amar Kaushik's directorial
Manipur is burning in the fire of violence. Violent clashes are still visible today in Manipur be
EC hits back at Rahul Gandhi's fresh allegations that 'votes cannot be deleted online'
Congress leader and Leader of the Opposition in the Lok Sabha, Rahul Gandhi, has once again raise
Uganda's team participated in the T20 World Cup for the first time. Making its debut in the T20 W
If Team India does not play, will the Asia Cup 2025 be cancelled? PCB fears loss of crores
The Asia Cup 2025 to be held in the month of September is in danger. Reports have emerged that th
Students' protest against reservation continues in Bangladesh. There is a curfew here at 6 pm on
Iran attacked several targets in northern Iraq and Syria late Monday night. Iran said it targeted
'What was the need to blame India', Canadian national security expert questions his PM
Amidst the bitterness in India-Canada relations, a big confession from Canada's PM Justin Trudeau
India vs Qatar: Qatar showed a 'top class' game, defeating Indian team 3-0 in a one-sided match
The Indian football team was defeated by Qatar's top class in the second round of the FIFA World
Politics is also being done fiercely on the stampede in Hyderabad during the screening of 'Pushpa
