Adani Group promoters prepay $1.1 bn to release pledged shares

Promoters across Adani Group companies have posted amounts to prepay $1.1 billion in borrowings ahead of its maturity in September 2024. The prepayment has been made in light of "recent market volatility and in continuation of the promoters' commitment to reduce the overall promoter leverage backed by Adani listed company shares," the conglomerate said on Monday.