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News Adani Group repays loan for ACC and Ambuja Cements acquisition

Adani Group repays loan for ACC and Ambuja Cements acquisition

Written by Global Cement staff 09 March 2023
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India: Adani Group told investors that it repaid a US$500m bridge loan for its acquisition of ACC and Ambuja Cements on 7 March 2023. The deal was completed in September 2022, and payment on the loan was due by 9 March 2023 at the latest. UK-based Barclays and Standard Chartered and Germany-based Deutsche Bank underwrote the loan.

Business Today Online News has reported that Adani Group is seeking to pre-pay its loans in order to allay investor concerns about its debt.

Last modified on 15 March 2023
Published in Global Cement News
Tagged under
  • Adani Group
  • India
  • ACC
  • Ambuja Cements
  • Acquisition
  • Loan
  • Debts
  • bank
  • Barclays
  • Standard Chartered
  • Deutsche Bank
  • GCW599
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