Adani seeks to ease concerns about her credit profile and restore confidence
The Indian Adani Group announced that it had paid an early maturity of about $900 million, as part of its plan to reduce its debts.
And she was the group Last February, it made an early repayment of a financing of about $1.1 billion.
Adani is seeking to ease concerns about its credit file and restore confidence after the “Hindenburg Research” report raised concern about the group’s high indebtedness, accusing it of improper use of foreign tax havens and stock manipulation, which Adani categorically denied.
And last week, the Supreme Court of India formed a six-member committee to consider regulatory mechanisms to protect the interests of investors, following the large losses incurred by the Adani Group after the previously issued report by the short-selling company “Hindenburg” against the group.
The court asked the members to complete the investigation of the case within two months, and to check whether there is relevant information about the parties involved that has not been disclosed.
