The credit update states that the promoters completed the sale of shares in four listed group entities to GQG Partners, a leading global investment firm, for USD 1.87 billion (Rs 15,446 crore)
Embattled Adani Group on Monday said it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
In a Credit Note released on Monday, Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate s listed firms and also another $700 million in loans taken for the acquisition of Ambuja Cement. The prepayment was done along with interest payment of $203 million, it added.
Eskom estimates that R130 billion is required to alleviate transmission constraints. It is not clear how South Africa's national power utility will finance this.
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