Adani Ports and SEZ have repaid Rs 1500 crore loan from SBI Mutual Fund and Aditya Birla Life.
Adani Group has announced that it will soon repay the loan of Rs.1000 crore in March.
A SBI Mutual Fund spokesperson said, “Adani Ports has returned Rs.1000 crore of the loan taken from us and we are no longer associated with the Adani Group.
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It also shows the market’s confidence in the capital and cash flow management plan for the Adani Group,” said Enath.
Similarly, Adani Group has returned Rs.500 crore loan to Adityana Birla Sun Life Mutual Fund.
Today is a black day for the Indian stock market. Sensex plunged over 930 points in Mumbai. In particular, the shares of 10 companies in the Adani Group also fell. Adani Enterprises shares fell 10% today. Shares of Adani Green Energy and Adani Total Gas also fell over 5 percent.
Indian stock markets have been falling steadily since the end of last month. One of the reasons for this is the decline in the holdings of the Adani Group.
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The US-based Hindenburg Research Institute has published a report on the manipulations and frauds committed by the Adani Group in the Indian stock market. After this report, the shares of Adani Group began to slide. It is said that the Adani Group has incurred a loss of Rs.8 lakh crore so far.
Adani, who was at the 3rd place in the world’s billionaires list last month, was pushed down to the 25th place the day before yesterday. Adani’s lineup could have worsened by today’s market close.
Last Updated Feb 22, 2023, 4:46 PM IST