Embattled Indian conglomerate Adani Group said it prepaid share-backed financing of 73.74 billion rupees ($901.16 million), as it looks to allay fears over leverage and debt since a U.S. short seller's critical report sparked a stock rout.
stock manipulation and improper use of tax havens by Adani, and flagged "substantial" debt levels, which the group has denied.
road shows in Hong Kong and Singapore, and is expected to hold another set of fixed income meetings in Dubai, London and the United States, starting Tuesday, according to a document seen by Reuters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Embattled Adani Group receives a vote of confidence from U.S. asset managerRajiv Jain is the co-founder and CIO of GQG Partners and is best known for investing in stable growing companies in the tobacco and energy sectors.
Read more »
Virtual Girl Group Survival Show “GIRL’S RE:VERSE” Announces Final Debut Lineup And Group NameVirtual Girl Group Survival Show “GIRL’S RE:VERSE” Announces Final Debut Lineup And Group Name
Read more »
Indian shares set to open higher on improved risk sentimentIndian shares are set to open higher on Monday after strong economic data from the United States and investment in the Adani group of companies boosted risk appetite.
Read more »
Why Russia's stepped-up oil trade with India will last longer than seenRussia will keep selling cheap oil at bumped-up levels to India - this is why they're both in it for the long haul, a top analyst explains
Read more »
Local group heads to Selma to commemorate Bloody Sunday AnniversaryThis is the group's fifth year attending.
Read more »