AHMEDABAD: In continuation of promoters’ commitment to repay the promoter leverage, the Adani Group has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of March 31, 2023, a release said on Sunday.
According to the release, the promoters have also prepaid $500 million facility taken for Ambuja acquisition financing.
“This is in line with promoters’ commitment to increase equity contribution and promoters have now infused $ 2.6 billion out of total acquisition value of $6.6 billion for Ambuja and ACC,” the release said.
“The entire prepayment program of $2.65 billion has been completed within 6 weeks, which testifies the strong liquidity management and access to capital at sponsor level, supplementing the solid capital prudency adopted at all portfolio companies,” it added. (ANI)