New Delhi: The Adani Group has pledged more shares of its companies as security for loans taken. SBIcap Trustee has given this information to the stock exchanges.

SbiCap said in a regulatory filing that 0.99 per cent shares of Adani Green Energy Ltd have been pledged for the benefit of adani enterprises ltd lenders. Adani Transmission Limited has also pledged 0.76 percent shares in banks.

SBICap, a unit of State Bank of India (SBI), however, did not disclose the amount of debt taken by Adani Enterprises, for which the shares had to be pledged to the group. SbiCap now holds 2 per cent shares of Adani Green Energy Ltd as a collateral, while Adani Transmission has a total of 1.32 per cent shares.

Earlier on March 7, the Adani Group had said that it has repaid a loan of Rs 7,374 crore to address investor debt concerns. After repaying the debt, 31 million or 4 percent of the pledged shares of Adani Enterprises, 155 million or 11.5 percent of Adani Ports and Special Economic Zone, 36 million or 4.5 percent of Adani Transmission and 1.2 percent of Adani Green Energy have been released.

The company had said that after this prepayment, the company has now repaid a debt of $ 2.016 billion, in return for which the shares were pledged.

The Adani Group did not disclose where the money came from to repay the debt, but recently the promoters raised Rs 15,446 crore by selling shares of four companies to GQG Partners. In the last four years, the outstanding debt of the Adani Group has doubled.

In 2024, the group has to pay $ 2 billion for foreign currency bonds. According to information shared with investors last month, the outstanding debt of the Adani Group has increased to Rs 2.21 lakh crore from Rs 1.11 lakh crore in 2019.


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