Collateral Security Coverage

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Adani needs to maintain 140% collateral, says SBI as three group firms pledge additional shares

In an exclusive interview with CNBC-TV18, Swaminathan J, MD Corporate Banking and Subsidiaries at SBI said the Adani Group has pledged additional shares in favour of SBICAP Trustee as the group companies are required to maintain 140 percent collateral as per one of the covenants relating to existing loan and hence the top up.

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Collateral Security Coverage

Adani needs to maintain 140% collateral, says SBI as three group firms pledge additional shares