Adani Group’s shares are going to rocket, this announcement of the company will increase the confidence of investors.

Adani Group Loan Payment: The time since the last week of January has been the worst for the Adani Group. Experts are sure that soon there will be a change and Adani Group shares will touch their height, where they were before January 24. In fact, the Adani Group plans to repay the outstanding $500 million bridge loan next month after some banks refused to refinance the loan following an onslaught of short sellers that hit the group hard. Barclays Plc, Standard Chartered Plc and Deutsche Bank AG were among the banks that gave Adani $4.5 billion in loans last year for the purchase of Holcim Ltd’s cement assets. A part of that loan is to be repaid on 9th March.

Adani group preparing to pay the loan

According to experts, the lenders were in talks to refinance the loan until a week before the Hindenburg Research report was published.According to an Adani spokesperson, the company is in talks with banks to refinance a portion of the loan, but it intends to prepay it.The talks with the banks, according to the spokesperson, have not ended.Barclays and Deutsche Bank representatives declined to comment.The group announced on Monday that billionaire Gautam Adani and his family had repaid $1.11 billion in share-backed borrowings.According to media reports, Adani faced a margin call on that loan of more than $500 million, prompting the Indian tycoon to repay the loan in full. Adani Group said it had not received a formal request for the margin call and the loan was repaid early “as per our prepayment plan”.

There has been a decline of 117 billion dollars

Following the Hindenburg report, global banks are ramping up their investigation into the group.
Following in the footsteps of Credit Suisse Group AG, Citigroup Inc’s wealth arm has stopped accepting Adani securities as collateral for margin loans.
Adani’s corporate empire, once the second richest in the world, is in shambles following the Hindenburg report.
At one point, ten Adani Group companies, including Adani Total Gas Ltd, Adani Enterprises Ltd, and Adani Transmission Ltd, had syphoned off $117 billion in sales from their combined market value.

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