KONTAN.CO.ID - NEW DELHI. Three Adani group companies have pledged shares for lenders to the Indian conglomerate's flagship Adani Enterprises, which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said. Adani Ports and Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm, a unit of India's biggest state lender, State Bank of India, said in a Friday filing to the Bombay Stock Exchange. The Adani group, controlled by billionaire Gautam Adani, has lost more than $100 billion in market value since Jan. 24, when a U.S. short seller issued a scathing report on the apples-to-airports conglomerate.
Adani Group Firms Pledge Shares for Lenders of Flagship Company – SBICAP Trustee
KONTAN.CO.ID - NEW DELHI. Three Adani group companies have pledged shares for lenders to the Indian conglomerate's flagship Adani Enterprises, which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said. Adani Ports and Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm, a unit of India's biggest state lender, State Bank of India, said in a Friday filing to the Bombay Stock Exchange. The Adani group, controlled by billionaire Gautam Adani, has lost more than $100 billion in market value since Jan. 24, when a U.S. short seller issued a scathing report on the apples-to-airports conglomerate.