Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Adani prepays Rs 7,374 crore of share-backed financing
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Adani prepays Rs 7,374 crore of share-backed financing
Breaking

Adani prepays Rs 7,374 crore of share-backed financing

ANI
Last updated: March 7, 2023 7:26 pm
ANI
Published: March 7, 2023
Share
2 Min Read
SHARE

Adani Group on Tuesday said the group prepaid share-backed financing of Rs 7,374 crore (USD 902 million) ahead of its latest maturity in April 2025, in continuation of its promoters’ commitment to cut the overall leverage backed by Adani-listed company shares.

With the repayment of the said Rs 7,374 crore to various international banks and Indian financial institutions, the promoters of the flagship company, Adani Ports, will release 155 million shares, representing 11.8 per cent of the promoters’ holding; Adani Enterprises’ promoters will release 31 million shares, representing 4 per cent of promoters’ holding; Adani Transmission’s promoters will release 36 million shares, representing 4.5 per cent of promoters’ holding while Adani Green Energy will release 11 million shares which comprised 1.2 per cent of promoters’ holding. Along with the repayments done earlier in the month of February, the conglomerate said Adani has prepaid USD 2,016 million of share-backed financing, which is consistent with promoters’ commitment to prepay all share-backed financing before March 31, 2023, according to a statement from Adani Group.

The group had just carried out global investors’ roadshow to regain promoters’ confidence in the conglomerate.
On February 24, Sri Lanka’s Board of Investment approved the two wind power plants of Adani Green Energy to be built in Mannar and Pooneryn at a total investment of USD 442 million.

According to the statement released by the Board of Investment of Sri Lanka on Friday, it has issued a letter of approval to Adani Green Energy Limited, for the two wind power plants. Also, the new project will generate 1,500-2,000 new employment opportunities.

The wind power plant in Mannar will operate at a capacity of 250 megawatt (MW) while the wind power plant in Pooneryn will operate at a capacity of 100 MW.

On Friday and Monday, the shares of the group firms had recovered a lot on the stock exchanges — BSE and NSE. (ANI)

Jay Shah to head Finance and Commercial Affairs Committee of ICC
“Reform is key to relevance”: PM Modi calls for reforms in global institutions at UN Summit of Future
India “deeply concerned” over escalation of conflict in Ukraine: MEA
Bomb threats received for 30 domestic, international flights
Total subjects reduced to 37 from 63: UGC Chairman on major changes in CUET 25

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Director Agriculture inaugurates Spawn distribution among Mushroom Farmers at IMDC Srinagar
Next Article Azad offers Countrymen Shab-e-Barat greetings 
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Pakistan shelling damages homes, shrines in J&K’s Kupwara, Poonch
Breaking
May 10, 2025
Civilian areas in Jammu city suffer significant damage due to shelling by Pakistan
Breaking
May 10, 2025
Operation Sindoor : Armed Drone Attack Foiled Over Amritsar’s Khasa Cantt
Breaking
May 10, 2025
Ministries of Defence, External Affairs to brief on Operation Sindoor at 10:30 am
Breaking
May 10, 2025

Recent Posts

  • Pakistan shelling damages homes, shrines in J&K’s Kupwara, Poonch
  • Civilian areas in Jammu city suffer significant damage due to shelling by Pakistan
  • Operation Sindoor : Armed Drone Attack Foiled Over Amritsar’s Khasa Cantt
  • Ministries of Defence, External Affairs to brief on Operation Sindoor at 10:30 am
  • JK CM Omar Abdullah slams IMF’s decision of reimbursing Pakistan, says money being used for devastating places

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?