According to the report, this step of Adani Group will reduce the worries of the investors and increase the confidence of the investors in them. Increased investor confidence will help the group sail through this difficult phase. Adani Samud may have withdrawn the FPO, but it is believed that the company may soon offer additional share securities. Significantly, the company has a promoter level loan of $ 1.8 billion. The company’s investors are worried after the Hindenburg incident. With this move, the company wants to win back the trust of the investors. On the other hand, if part repayment order comes from the banks, then the company will start payment in that direction also.
Source: navbharattimes.indiatimes.com
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