Friday, 24 March, 2023

Adani Group to Prepay $500 Million Loan as Banks Refuse to Refinance

<p>Adani Group, an Indian conglomerate company, announced its plan to prepay INR 500 million (approximately USD 6.8 million) loan as some banks are hesitant to refinance the loan. Adani Group has diversified businesses including ports, agribusiness, energy, and real estate. The reason behind the banks&#39; hesitation to refinance the loan is not specified in the article.The company&#39;s decision to prepay the loan shows its commitment to manage its financials efficiently.</p>