<p><em><strong>By Saikat Das and P R Sanjai</strong></em></p>.<p>The Adani Group has repaid a Rs 4,000 crore ($500 million) bridge loan due Thursday, according to people with knowledge of the matter, adding to a slew of other payments as the Indian conglomerate works to restore confidence in its financial health after a scathing short seller report.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/adani-group-pre-pays-over-rs-7300-crore-worth-share-backed-financing-1197982.html">Adani Group pre-pays over Rs 7,300 crore worth share-backed financing</a></strong></p>.<p>The money was released to lenders on Tuesday, the people said, asking not to be identified as the details are private. Some banks had balked at refinancing the debt following a report from Hindenburg Research late-January that sent Adani assets tumbling, <em>Bloomberg News</em> reported in February.</p>.<p>The empire led by billionaire Gautam Adani has since pre-paid about Rs 16K crore ($2 billion) of share-backed loans, made bond repayments on time and won another Rs 15,000 crore ($1.9 billion) investment from star investor Rajiv Jain of GQG Partners. That’s helped pare losses in the group’s market value to around Rs 10L crore ($124 billion) from as much as Rs 12L crore ($153 billion).</p>.<p>Global banks had lent Adani Rs 36,000 crore ($4.5 billion) to finance the purchase of Holcim Ltd cement assets last year, and a portion of this was due March 9. The next tranche of the loan comes due in 2024, one of the people said. </p>.<p>An email to the Adani Group wasn’t immediately answered on a public holiday in Ahmedabad.</p>.<p>(1 USD = 81.91 INR)</p>
<p><em><strong>By Saikat Das and P R Sanjai</strong></em></p>.<p>The Adani Group has repaid a Rs 4,000 crore ($500 million) bridge loan due Thursday, according to people with knowledge of the matter, adding to a slew of other payments as the Indian conglomerate works to restore confidence in its financial health after a scathing short seller report.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/adani-group-pre-pays-over-rs-7300-crore-worth-share-backed-financing-1197982.html">Adani Group pre-pays over Rs 7,300 crore worth share-backed financing</a></strong></p>.<p>The money was released to lenders on Tuesday, the people said, asking not to be identified as the details are private. Some banks had balked at refinancing the debt following a report from Hindenburg Research late-January that sent Adani assets tumbling, <em>Bloomberg News</em> reported in February.</p>.<p>The empire led by billionaire Gautam Adani has since pre-paid about Rs 16K crore ($2 billion) of share-backed loans, made bond repayments on time and won another Rs 15,000 crore ($1.9 billion) investment from star investor Rajiv Jain of GQG Partners. That’s helped pare losses in the group’s market value to around Rs 10L crore ($124 billion) from as much as Rs 12L crore ($153 billion).</p>.<p>Global banks had lent Adani Rs 36,000 crore ($4.5 billion) to finance the purchase of Holcim Ltd cement assets last year, and a portion of this was due March 9. The next tranche of the loan comes due in 2024, one of the people said. </p>.<p>An email to the Adani Group wasn’t immediately answered on a public holiday in Ahmedabad.</p>.<p>(1 USD = 81.91 INR)</p>