Adani Group prepays entire financing for Ambuja Cements acquisition

As part of their debt pre-payment plan, the  Adani family has fully paid margin-linked share-backed financing of $2.15 billion before the March-end deadline.

Besides, the promoters have also prepaid a $500-million facility taken for Ambuja acquisition financing. 

This is in line with promoters’ commitment to increase equity contribution and they have now infused $2.6 billion out of the total acquisition value of $6.6 billion for Ambuja and ACC, the company said in a statement on Sunday.  

“The entire pre-payment program of $2.65 billion has been completed within six weeks, which testifies the strong liquidity management and access to capital at sponsor level, supplementing