Embattled Indian conglomerate Adani Group said it prepaid share-backed financing of 73.74 billion rupees ($901.16 million), as it looks to allay fears over leverage and debt since a U.S. short seller's critical report sparked a stock rout.
stock manipulation and improper use of tax havens by Adani, and flagged "substantial" debt levels, which the group has denied.
road shows in Hong Kong and Singapore, and is expected to hold another set of fixed income meetings in Dubai, London and the United States, starting Tuesday, according to a document seen by Reuters.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Adani Group pre-pays over $900 million worth share-backed financingEmbattled Indian conglomerate Adani Group said it prepaid share-backed financing of 73.74 billion rupees ($901.16 million), as it looks to allay fears over leverage and debt since a U.S. short seller's critical report sparked a stock rout.
Read more »
Embattled Adani Group receives a vote of confidence from U.S. asset managerRajiv Jain is the co-founder and CIO of GQG Partners and is best known for investing in stable growing companies in the tobacco and energy sectors.
Read more »
Adani fallout could have political implications for India in the longer term, economist saysPolitical implications from the Adani fallout could be far reaching for India despite the short-term concerns over governance issues, says one economist.
Read more »
Virtual Girl Group Survival Show “GIRL’S RE:VERSE” Announces Final Debut Lineup And Group NameVirtual Girl Group Survival Show “GIRL’S RE:VERSE” Announces Final Debut Lineup And Group Name
Read more »
India considers raising palm oil import tax to help rapeseed farmersIndia, the world's biggest importer of vegetable oils, is considering raising its import duty on palm oil to help support local farmers reeling from a crash in domestic rapeseed prices, government and industry officials said on Monday.
Read more »
Ex-Russian commander slams head of Wagner Group over 'war crimes'Igor Girkin called for Yevgeny Prigozhin's removal as the head of the Wagner Group.
Read more »