Adani Green Energy also plans to refinance its 2024 bonds through a three-year, $800 million credit facility, the sources said. The sources spoke on condition of anonymity because they were not authorized to speak to the media.
Adani Green Energy is a leading renewable energy company in India. Founded in 2015, Adani Green Energy has grown to become one of the largest renewable energy producers in the world. With a team of expert professionals and a portfolio of more than 10,000 megawatts of renewable energy projects.
Adani Green Energy is committed to providing clean, cost-effective power to its customers. In addition to solar and wind energy, Green Energy is also exploring other renewable sources such as biomass and geothermal energy. With its focus on sustainability and innovation. Adani Green Energy is helping to create a greener future for India.
The company has won numerous awards for its green initiatives and is making strides in the renewable energy industry. Adani Green Energy is committed to using the latest technologies to reduce the environmental impact of energy production and to make the world a better place for future generations
India’s Adani Group plans to prepay or repay equity-backed loans worth $690-790 million by the end of March this year to improve its credit profile against attacks from short sellers, said two people familiar with the matter. also plans to refinance its 2024 bonds through a three-year, $800 million credit facility, the sources said, speaking on condition of anonymity because they were not authorized to speak to the media.
The plans were presented to group bondholders in Hong Kong on Tuesday by Adani management.
A spokesperson for Adani did not immediately respond to a Reuters request for comment.
Seven Adani Group listed companies have lost more than $140 billion in market value since a January 24 Hindenburg Research report said the group was manipulating tax havens and stocks and raising concerns about its level of high debt. Adani dismissed the allegations and denied wrongdoing.
Adani had spoken to bondholders on the phone earlier this month in an attempt to allay investor concerns, with the group’s head revealing plans to refinance some of its units and plans to prepay all loans entirely with shares.