New Delhi: The Adani group has suffered a major setback due to the Hindenburg report. The company’s market cap has lost more than a hundred billion dollars. Most of the shares of the company are in loss. The personal property of Gautam Adani himself is falling. Gautam Adani has reached number 18 in Forbes’ list of Real Time Billionaires with $59.7 billion. After the loss to the company, Adani is now engaged in damage control. There is an uproar from the road to the Parliament regarding the troubled Gautam Adani case. To reduce these difficulties and win the confidence of investors, Gautam Adani is preparing to take a big step.
According to the report of Economics Times, Adani Group is planning to return the loan of Rs 8000 crore in advance. It is believed that the company is preparing to return this money within 30 to 45 days. The company has borrowed from global banks such as Credit Suisse, JP Morgan, JM Finance and some mutual fund companies. Adani is offering to return the loans of these companies.
According to the report, this step of Adani Group will reduce the worries of the investors and increase the confidence of the investors in them. Increased investor confidence will help the group sail through this difficult phase. Adani Samud may have withdrawn the FPO, but it is believed that the company may soon offer additional share securities. Significantly, the company has a promoter level loan of $ 1.8 billion. The company’s investors are worried after the Hindenburg incident. With this move, the company wants to win back the confidence of the investors. On the other hand, if part repayment order comes from the banks, then the company will start payment in that direction also.
