Meanwhile, Gautam Adani continues to try to maintain investor confidence in Adani Group companies. At the very beginning, he canceled the Rs 20,000 crore share sale in the follow-on public offer and returned the money to the investors.
He is also trying to pay off the debts of the Adani Group little by little. Adani Group has a debt of around Rs 2.26 lakh crore. These include loans from banks, funds raised through debentures, and equity mortgages. Of these, he repaid a loan worth Rs 9,250 crore a few weeks ago. At present, Adani Ports is repaying a loan of Rs.1,500 crore.
Of this, Rs.1,000 crore has been given to SBI Mutual Fund Niru Vanam and Rs.500 crore to Aditya Birla Life Mutual Fund. The Adani Group is trying hard to restore investor confidence amid the ongoing Adani-Hindenburg dispute.