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.
Avatar The Way Of Water OTT Release Date: If you are fond of James Cameron's films and are waitin
These days, Bollywood actor Vikrant Massey is enjoying the success of his film '12th Fail'. The a
Chief of Waris Punjab De and Khalistan supporter Amritpal Singh has not yet come to the hands of
Punjab had to face a crushing defeat in the 18th match of IPL 2023 played in Mohali. Gujarat Tita
PM Modi said at Semicon India Conference 2023 – India's electronics production crossed $ 100 billion
Prime Minister Narendra Modi (PM Modi) on Friday addressed the Semicon India Conference 2023 in G
Marvel's superhero movies have fans all over the world. There is good news for the fans. The Marv
The Government of Sri Lanka has also approved the Indian Rupee as an international currency. Now
Ukraine: Ukrainian President Zelensky sacked military general, reason not disclosed
Ukrainian President Volodymyr Zelensky on Sunday sacked Major General Eduard Mikhailovich Moskalo
The violence that has been going on for the last several months in Manipur does not seem to be cu
Russia's 'Mission Moon' suffered a major setback on Sunday. Russia's Luna-25 Spacecraft Crashed b
