Adani Group Has Got 3 Billion Dollar Credit From Sovereign Wealth Fund Enterprises Share 15 Percent Increased

Adani Enterprises Share Price: Another big relief news has come to the fore for Adani Group. Now Adani Group has got a loan of $3 billion from the Sovereign Wealth Fund. According to a report, Adani Group has informed the creditors about getting a loan of three billion dollars. It has also been said in the report that the limit of this loan can increase up to $ 5 billion.

This information has been given in the memo issued to the investors during the three-day roadshow that ended on Wednesday. However, in this memo, information has not been given that which are these Sovereign Wealth Funds, from which the Adani Group has got loan. Reuters has given this information in its report.

Expected to repay this much loan by the end of March

The news of $ 3 billion loan received by Adani Group has come at a time when a day earlier, Adani Group’s management had informed that by the end of March $ 690 million to $ 790 million share related loan can be repaid. Let us tell you that Adani Group has done roadshows in Singapore and Hong Kong during this week, so that it can win the confidence of investors.

140 billion minus market cap

After the Hindenburg report, questions were raised about Adani Group’s excessive debt. Since the report in January, seven listed companies of Adani Group have registered a decline of $ 140 billion in their market cap.

Increase in these shares of Adani Group

There has been a big increase in the shares of Adani Group on Wednesday. By the time the market closed, Adani Enterprises closed at Rs 1,579 per share, up 15.78 per cent. Adani Power was at Rs 153 per share by applying upper circuit of about 5 per cent. Shares of Adani Ports were up 1.56 per cent at Rs 601.70. Shares of Adani Wilmar closed at Rs 379.70, Adani Green at Rs 509, Total Gas at Rs 712 and Transmission at Rs 675. There has been an increase of 5 percent in these stocks.

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