: After the report of Hindenburg Research (Hindenburg Research) came out, the foundations of the Adani empire were shaken. Not only that, the share price of most of the companies included in the Adani Group (Adani Group) also saw a huge fall. Even, Gautam Adani’s net worth also decreased. In this situation, everyone is scared about the Adani group’s loans taken from various sectors.
However, keeping all speculations aside, this time Adani decided to repay a huge loan from a banking group early. According to the information received in this context, it is known that the amount of that loan is 50 million dollars. In Indian currency which is more than 4 thousand crore rupees. Meanwhile, Adani Group is trying to turn around again through this means.
Let us inform in this context that the share price of Adani Group has increased a lot in the last three days. In this situation, they decided to repay the loan ahead of time. Besides, many see this huge debt repayment as one of the tools for Adani’s stock market turnaround. Meanwhile, according to sources, it is known that Adani has already paid several loans in the market ahead of schedule. And the direct result of that is through the increase in share price.
It may be noted that groups like Standard Chartered Plc, Barclays Plc, Deutsche Bank AG lent about Rs 37,000 crore to Adani last year. In such a situation, a part of the loan was agreed to be paid by the 7th of next March. However, instead of waiting till March, Adani decided to pay off the Rs 4,000 crore loan ahead of schedule. Basically, the decision is said to be taken in consultation with banking groups.
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In this context, let us inform that the price of Adani Group’s shares has started rising gradually this week. In addition, Adani’s wealth has also increased in the context of the Hindenburg controversy. Basically, Indian tycoon Gautam Adani dropped from third place to number 21 in the list of the world’s richest people in just a week after this report came out. However, he is currently ranked 17th on Forbes’ list of billionaires due to increasing wealth.