ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Adani Group

Adani to repay $1bn in debt in push to rebuild investor confidence

Indian conglomerate's market value has plunged following short-seller attack

Ratings agency Moody's Investors Service has cautioned that "adverse developments" could curb the Adani Group's ability to raise money   © AP

TOKYO -- India's Adani Group on Monday said it will prepay $1.1 billion in loans backed by pledged shares, as the embattled conglomerate tries to rebuild investor confidence following a brutal short-seller attack that has wiped nearly $118 billion from its market value.

The group said in a statement that it was repaying the debt ahead of its maturity in September next year "in the light of recent market volatility."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more