Adani prepays loans worth $1.11 bn, releases pledged shares in 3 firms

Promoter-pledged shares in transmission, ports, green energy arms will be released

The promoters of the Adani group have prepaid loans worth $ 1.11 billion on Monday, thus releasing the pledged shares in three key companies — Adani Green Energy, Adani Ports, and Adani Transmission.

The group said the promoters had posted the amounts to prepay $1.11 billion ahead of their maturity in September next year, after recent market volatility, and thus showing their commitment to reduce promoter leverage backed by listed-company shares.

With the prepayment, the shares of the three listed companies will be released in due course: The pledged shares of Adani Ports and Special Economic Zone represent 12 per cent of