Adani Ports considering to repay $605 mn of loans to calm investors

India's largest private sector ports operator, which reported an earnings miss in the latest quarterly earnings, also said it would roughly halve its capital expenditure next financial year

Gautam Adani’s ports unit is considering to repay about 50 billion rupees ($604.6 million) of loans, as the beleaguered Indian tycoon seeks to trim debt after a short seller attack put his empire’s financial health and corporate governance under scrutiny.
 

Adani Ports & Special Economic Zone Ltd. is mulling total loan repayment and prepayment of that amount in the year starting in April, which would improve net debt to earnings before interest, taxes, depreciation, and amortization ratio to about 2.5 times, it said in an earnings statement Tuesday. The ratio stands at just over 3 times currently.

India’s largest private