Gautam Adani in talks to prepay share pledges to boost confidence

The group hasn't faced margin calls on these pledges and is seeking the prepayment proactively, the report said, citing a person with knowledge of the matter.

Reuters

February 02, 2023 / 23:59 IST

Adani Group Chairman Gautam Adani (File image)

Adani Group Chairman Gautam Adani is in talks with lenders to prepay and release pledged shares as he seeks to restore confidence in the financial health of his conglomerate, Bloomberg News reported on Thursday.

The group hasn't faced margin calls on these pledges and is seeking the prepayment proactively, the report said, citing a person with knowledge of the matter.

A spokesperson for Adani Group did not immediately respond to a Reuters request for comment.

Reuters

first published: Feb 2, 2023 11:59 pm

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