India’s Adani to repay up to $790 mln share-backed loans by March -sources

Key Topics in this News Article:
News Snapshot:

HONG KONG, Feb 28 (Reuters) – India’s Adani Group plans to prepay or repay share-backed loans worth $690 million to $790 million by March-end, two people with knowledge of the matter told Reuters, as the conglomerate seeks to burnish its credit profile after a short-seller attack. The plan comes even as the group holds a fixed-income roadshow this week in Singapore and Hong Kong to shore up investor confidence amid share price falls and a regulatory probe. Adani Green Energy Ltd (ADNA.NS) also plans to refinance its 2024 bonds via an $800 million, three-year credit line, said the people, who…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!

  • This field is hidden when viewing the form