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Adani Ports and Special Economic Zone has repaid ₹1,500 crore loan and will repay another ₹1,000 crore in commercial papers due in March.
The Adani Group firm paid ₹1,000 crore to SBI Mutual Fund and ₹500 crore to Aditya Birla Sun Life Mutual Fund on commercial papers that matured on Monday, as scheduled.
Also read: Adani isn’t India, but its troubles mirror the nation’s woes
"This part prepayment is from the existing cash balance and funds generated from the business operations," a company spokesperson said. "This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group."
An SBI MF spokesperson said it has no further exposure.
Also read: Hindenburg row pushes Gautam Adani down 22 places in rich list
"SBI MF had an exposure of around ₹1,000 crore to Adani Group, which has been repaid on maturity. We have no further exposure to the Adani Group," the spokesperson said.
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