Adani Group loan repayment: How do promoters raise money through pledging?

Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission

Adani Group on Tuesday announced that it has repaid share-based financing worth Rs 7,374 crore and will prepay all such remaining loans by the end of March. The repayment will release the pledge on promoters' shares in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission.

As much as 31 million shares, or 4 per cent stake, of promoters in the group's flagship firm Adani Enterprises Ltd, will be released from pledge while in Adani Ports and Special Economic Zone Ltd (APSEZ), promoters will release pledges on 155 million shares or an 11.8 per cent stake.

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