Adani made a master plan to recover from debt, knocked on the door from America to Japan - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Wednesday, June 14, 2023

Adani made a master plan to recover from debt, knocked on the door from America to Japan

The expert panel formed by the Supreme Court had said in a report last month that there was no regulator failure or wrongdoing behind the wild jump in Adani's shares.

Adani Group is trying to stand up once again. In which a considerable stake of GQG Partners has been seen. Shares of companies have also started recovering. At the same time, Adani Group has had to put brakes on many of its projects. Even the works of some projects have to be slowed down a bit. The group wants the debt to be reduced. The trust of the investors should be won again and the image of the group should be created afresh.

In such a situation, Gautam Adani has started working on a 'New Normal Plan' for the group. For this, he is traveling from America to Japan. If Adani's 'New Normal Plan' works, then Adani Group will again be seen showing its presence on the world map. Like Elon Musk and his Tesla have started appearing once again. Now the question is, what is Gautam Adani's 'New Normal Plan', let us also tell you.

Understand Adani's 'New Normal Plan'

In fact, Gautam Adani is once again trying to make Adani Group stand firmly. For this, they are working on the scheme of debt refinancing. Which is 3.8 billion dollars. For this, he has also talked to the banks of America and Japan. If the work of Adani's debt refinancing is done, then the credit for the Adani Group which was destroyed in the eyes of all the investors of the world, will be able to revive again. This will be a kind of new normal for Adani to start again.

In fact, this $3.8 billion is the money that was taken from lenders around the world to buy Ambuja Cement. Now there is talk of refinancing this loan again, so that the loan can be done for a long time. For this, talks are also being held with local and other banks of the world. This will make it easier for Adani Group to repay the loan. People aware of the matter said that Adani is expecting the process to be completed within three to four months. If experts are to be believed, most of the lenders are considering Adani's IDS plan.

America to Japan

To narrate this plan, Gautam Adani is in talks with lenders from America to Japan. Including banks like Barclays PLC, Deutsche Bank AG, Standard Chartered PLC and Mitsubishi UFJ Financial Group Inc., with whom talks are on to participate in the refinance deal. On the other hand, some lenders have gone to the respective International Credit Teams for approval of the arrangement. Foreign banks have refused to make any kind of comment. If the plan goes ahead, it will signal to the world that the Adani Group is once again on the mend after recovering from Hindenburg's major injury.

The expert panel formed by the Supreme Court had said in a report last month that there was no regulator failure or wrongdoing behind the wild jump in Adani's shares. The investigation into the allegations leveled against Adani Group is also being completed by August. Whose report will also come out.

Loan was taken for Ambuja

And last year Adani Group had bought India's cement business from Holcim AG. After which Adani Group became the second largest cement producer in India. For that deal, a loan was taken from Mauritius based Endeavor Trade and Investment. These loans have to be repaid in 2023 and 2024. Today, the shares of Ambuja Cement have gained Rs 2.35 to Rs 458.60. Shares of ACC Limited saw a marginal increase of Rs.6.50 and remained at Rs.1845.

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