Adani group to prepay $130 million debt to boost investor confidence
Adani Ports and Special Economic Zone, the ports company of Gautam Adani’s Adani Group, will prepay $130m of debt and accept a principal amount of $412.7m through purchasing validly tendered 2024 bonds. The purpose of the tender is to repay near-term debt, show comfortable liquidity and improve investor confidence after the group faced allegations of accounting fraud and tax-haven use for stock manipulation.
