Adani group pledges shares of its listed companies with promoters commits to prepay USD 1,114 million

Ahmedabad (Gujarat) : Following the recent market volatility, the Adani Group issued a statement saying that in continuation of the promoters’ commitment to reduce the overall promoter leverage backed by Adani Listed Company shares, the promoters have posted the amounts to prepay USD1,114 million ahead of its maturity of Sep 2024.

With the repayment of such amount, the following Adani Listed Company shares shall be released in due course –

Adani Ports & Special Economic Zone Ltd: 168.27 million shares, representing 12% of the promoters’ holding

Adani Green Energy Limited: 27.56 million shares, representing 3% of promoters’ holding

Adani Transmission Limited: 11.77 million shares, representing 1.4% of promoters’ holding

This is in continuation of promoters’ assurance to prepay all share backed financing.