Fri 02/03/2023 05:10 AM
UPDATE 1: 5:10 a.m. ET 2/3/2023: Adani Group is planning to implement a three-pronged strategy to cut debt and allay investor and lender concerns, including prepaying debt raised against promoter share pledges across its various group companies, buying back some of its USD denominated bonds, and issuing equity to select investors at Adani Enterprises Ltd., two sources with direct knowledge said. Company management has held talks internally about paring share-backed debt, as its bank lenders...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.