adani loan amount, adani immersed in debt pain, now focusing on merger, took uturn after hindenburg’s hiccups – gautam adani change his plan to run his adani focus to pay loan

Actually the company wants to win the trust of the investors. Want to reassure investors on the strength of the company. The focus of the companies is to recover their losses from the report published by Hindenburg Research. Earlier also Adani group has announced loan repayment. It is believed that Adani Transmission may announce the debt refinancing plan in a few weeks. According to a Reuters report, the company may soon announce a debt refinancing plan.

Adani has understood the pain of debt

Gautam Adani has understood that the debt burden will not allow the confidence of investors to return. Apart from Hindenburg, many times there has been a lot of discussion about Adani’s loan. Now the company has started reducing this pain. Adani Port has returned the loan of Rs 1500 crore. He has paid 1000 crores to SBI Mutual Fund and 500 crores to Aditya Birla Sun Life Mutual Fund. Earlier, on February 8, Adani Port had said that it would repay the loan of five thousand crores this year. The company has announced prepayment of loan earlier also. Apart from SBI, Birla Sun, the company has also prepaid loans from Credit Suisse, JP Morgan, JM Finance. The company has pre-paid a loan of about Rs 8,000 crore. Significantly, in September 2022, the total debt on Adani Group was Rs 2.26 lakh crore.