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Adani Group Plans To Repay Up To $790 Million Loans By March: Report
These plans were presented by the Adani management to its bondholders in Hong Kong. The Adani Group plans to prepay or repay share-backed loans worth between $690 million and $790 million by the end of March this year, two people with knowledge of the matter said. Those plans were presented by the Adani management to the group's bondholders in Hong Kong on Tuesday. An Adani spokesperson did not immediately respond to Reuters request for comment. Seven listed Adani group of companies lost over $140 billion in market value since a January 24 report by Hindenburg Research alleged the group improperly used tax havens and manipulated stock, and flagged concerns over its high debt levels. Adani Group has rejected the allegations and denied wrongdoing. Source: NDTV
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