Adani group has prepaid share-backed financing of Rs 7,374 crore ahead of maturity in April 2025. The Gautam Adani-led group has now prepaid over $2 billion of share-backed financing, including the repayments done in February. Now the shares of Adani Ports & Special Economic Zone, Adani Enterprises, Adani Transmission and Adani Green Energy will be released as follows:
Adani Ports & Special Economic Zone Ltd – 155 million shares, representing 11.8% of the promoters’ holding
Adani Transmission Ltd – 36 million shares, representing 4.5% of promoters’ holding
Adani Green Energy
Since Hindenburg accused the Adani family of fraud, the group has been trying hard to regain investors’ trust. The first step that the group took was cancelling the fully subscribed FPO of Adani Enterprises and returning money to the investors. The group’s stocks fell up to 80% in just a few days after the report got published, with Adani group losing over Rs 10 lakh crore in market capitalisation.
Earlier this month, US investment firm GQG purchased stakes worth $1.87 billion in four Adani group firms. GQG is one of the world’s leading Global and Emerging Markets investors, which manages more than $92 billion in client assets. Meanwhile, four Adani stocks, Adani Enterprises Adani Green, Adani Transmission and Adani Total Gas