As per the credit note, Adani Group has fully prepaid margin-linked share-backed financing amounting to $2.65 billion. Additionally, the promoters have prepaid $700 million debt taken for the Ambuja Cements Limited acquisition, along with an interest payment of $203 million.
The Adani Group has announced that the credit update confirms the completion of the share sale of four listed group entities to GQG Partners, a renowned global investment firm, for $1.87 billion (Rs 15,446 crore).
The credit update revealed significant enhancements in important financial indicators. The portfolio’s net debt to EBITDA ratio has improved from 3.81 in FY22 to 3.27 in FY23, while the run rate EBITDA has increased from Rs 50,706 crore in FY22 to Rs 66,566 crore in FY23.
