Hot Pursuit     08-Mar-23
Adani Group shares in demand after prepaying share-backed debt
Shares of seven Adani Group shares rose by 0.89% to 5% after the Adani Group said its promoters have prepaid share backed financing of Rs 7,374 crore ahead of its latest maturity in April 2025.
Adani Wilmar (up 4.72%), Adani Enterprises (up 3.02%) and Adani Ports and Special Economic Zone (up 0.89%) jumped.

Adani Total Gas, Adani Green Energy, Adani Transmission and Adani Power were up 5% each.

The Nifty 50 index was down 11.95 points, or 0.07% at 17,699.50.

A total of 23.3 crore shares will be released as part of the latest prepayment, the conglomerate said on Tuesday (7 March 2023). The prepayment will be against financing from various international banks and Indian financial institutions.

With this repayment, the lenders will release 15.5 crore shares (11.8% of the promoters' holding) of Adani Ports & Special Economic Zone; 3.1 crore shares (4% of promoters' holding) of Adani Enterprises; 3.6 crore shares (4.5% of promoters' holding) of Adani Transmission; and 1.1 crore shares (1.2% of promoters' holding) of Adani Green Energy.

Along with the repayments done earlier in the month of February, Adani has prepaid $2,016 million of share backed financing, which is consistent with promoters' commitment to prepay all share backed financing before 31 March 2023.

Previous News
  Adani Wilmar gains on reporting 13% volume growth in Q1 FY25
 ( Hot Pursuit - 08-Jul-24   09:57 )
  Adani Wilmar reports 13% volume growth in Q1 FY25
 ( Hot Pursuit - 06-Jul-24   14:44 )
  Adani Enterprises update on proposed merger of Adani Cementation with Ambuja Cements
 ( Corporate News - 27-Jun-24   17:07 )
  Market hits new life high; Nifty settles above 23,550
 ( Market Commentary - Quick Review 18-Jun-24   15:54 )
  Sensex, Nifty hits fresh life high; breadth strong
 ( Market Commentary - Mid-Session 18-Jun-24   09:39 )
  Stock alert: Ixigo, Westlife Foodworld, Bharti Airtel, Som Distilleries, Paytm
 ( Market Commentary - Stock Alert 18-Jun-24   08:44 )
  Adani Power incorporates wholly owned subsidiary in SIngapore
 ( Hot Pursuit - 18-Jun-24   08:12 )
  Sensex, Nifty end sideways; media shares rally; VIX slumps 9.95%
 ( Market Commentary - Quick Review 11-Jun-24   15:50 )
  Adani Defence & Aerospace signs cooperation agreement with EDGE Group, UAE
 ( Corporate News - 11-Jun-24   14:04 )
  Adani Enterprises Ltd spurts 0.71%, gains for five straight sessions
 ( Hot Pursuit - 11-Jun-24   13:00 )
  Adani Enterprises defence arm inks pact with EDGE Group
 ( Hot Pursuit - 11-Jun-24   12:52 )
Other Stories
  Shalby drops after PAT slides 20% YoY to Rs 16 cr in Q1 FY25
  08-Jul-24   16:01
  Tata Steel Production rises 5% YoY in Q1 FY24
  08-Jul-24   15:54
  PC Jeweller soars after PNB approves settlement
  08-Jul-24   15:26
  Godrej Inds gains after chemicals arm inks BTA to acquire Ethoxylation Unit II
  08-Jul-24   15:22
  GE Power sizzles after NTPC order win
  08-Jul-24   15:02
  Patel Engineering Ltd leads losers in 'A' group
  08-Jul-24   15:01
  Sundaram Multi Pap Ltd leads losers in 'B' group
  08-Jul-24   14:46
  Marine Electricals jumps after order win
  08-Jul-24   14:33
  Volumes soar at Metro Brands Ltd counter
  08-Jul-24   14:30
  Bank of India Q1 domestic deposits grow 10% YoY
  08-Jul-24   14:25
Back Top