New Delhi: The troubled Adani Group announced on Sunday that it had repaid USD 2.65 billion in loans as part of a prepayment programme, meeting the target for reducing total debt set for March 31. This was done in an effort to regain investor confidence following a damaging report by a US short seller.
The Adani group announced in a statement that it has repaid USD 2.15 billion in loans secured by the conglomerate's publicly traded companies and another USD 500 million in loans used to finance the purchase of Ambuja Cement.