Adani Group has prepaid Rs. 7,374 crore of share-backed financing ahead of its latest maturity in April 2025

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Adani Group has prepaid Rs. 7,374 crore of share-backed financing ahead of its latest maturity in April 2025.

•This prepayment is expected to reduce the company’s interest costs and improve its financial position.

•As a result of the prepayment, certain shares held by the promoters of Adani Ports, Adani Enterprises, Adani Transmission, and Adani Green will be released.

•Adani Ports will release 15.5 crore shares, representing 11.8% of the promoters’ holding.

•Adani Enterprises will release 3.1 crore shares, representing 4.0% of the promoters’ holding.

•Adani Transmission will release 3.6 crore shares, representing 4.5% of the promoters’ holding.

•Adani Green will release 1.1 crore shares, representing 1.2% of the promoters’ holding