adani group
Adani fully prepays share backed promoter financing and increases equity in Ambuja Financing aggregating USD 2.65 bn
Ahmedabad
12 March 2023
In continuation of promoters’ commitment to repay the promoter leverage, Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion, well before committed timeline of 31 March 2023.
In addition to above, promoters have also prepaid USD 500 million facility taken for Ambuja acquisition financing. This is in line with promoters’ commitment to increase equity contribution and promoters have now infused USD 2.6 billion out of total acquisition value of USD 6.6 billion for Ambuja and ACC.
The entire prepayment program of USD 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.
About The Adani Group
Headquartered in Ahmedabad, India, the Adani Group is the largest and fastest-growing portfolio of diversified businesses in India with interests in Logistics (seaports, airports, logistics, shipping and rail), Resources, Power Generation and Distribution, Renewable Energy, Gas and Infrastructure, Agro (commodities, edible oil, food products, cold storage and grain silos), Real Estate, Public Transport Infrastructure, Consumer Finance and Defence, and other sectors. Adani owes its success and leadership position to its core philosophy of 'Nation Building' and 'Growth with Goodness' – a guiding principle for sustainable growth. The Group is committed to protecting the environment and improving communities through its CSR programmes based on the principles of sustainability, diversity and shared values. Further information at www.adani.com.
For media queries, please contact: Roy Paul; roy.paul@adani.com
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Concluded full repayment of margin linked share backed financing well ahead of 31 March
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Adani continues to increase equity in Ambuja Financing by prepaying USD 500 million as commitment to reduce sponsor level leverage