Evidently, the sale of promoter's shares to the US-based GQG Partners proved a critical turning point. Hence, how that could be managed and how all the funds repayed are arranged deserve to be looked into. The other areas of obvious interest remain the allegations as regards offshore shell companies, price manipulations via these and also -- legitimate and illegitimate -- patronage provided by the Indian state including deployment of the ED/IT to make reluctant business houses to sell their assets to the Adani Group for a song(?).
<<In a statement, Adani group said it has repaid USD 2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms and also another USD 500 million in loans taken for the acquisition of Ambuja Cement. The announcement comes within days of the group saying it has pre-paid Rs 7,374 crore (about USD 902 billion) loans that were taken pledging shares in four group companies. This has now been scaled up to USD 2.15 billion. Adani group has not detailed the source of money for repayment of loans, these came within days of the promoters selling minority stakes in four listed companies to US-based GQG Partners for Rs 15,446 crore.>> (Excerpted from: 'Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement' at < https://indianexpress.com/article/india/adani-2-15-bn-loan-pledging-prepays-500-mn-loan-ambuja-cement-8492784/ >.) -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to greenyouth+unsubscr...@googlegroups.com. To view this discussion on the web, visit https://groups.google.com/d/msgid/greenyouth/CACEsOZjJi%2BHDMUFo7-JHym9swb2kfeT87-9qpEJzh7SanWzqXg%40mail.gmail.com.
