India’s tormented Adani Group is discussing with moneylenders to repay a $500 million channel loan facility it had occupied to buy supervisory stakes in cement corporations ACC Limited and Ambuja Cements Limited last year, the Economic Times daily conveyed on Wednesday.

The group is observing to reimburse the bridge loan with cash this month. The report, citing people aware of the matter, calculated that the loan had an intention of six months and was part of a superior $5.25 billion financing platform.

The report originates a day after the cluster said its companies aspect no substantial refinancing risk or near-term fluidness issues in its latest attempt to tranquil investors startled by a US short-sellers perilous report on its business performance.

The loan was countersigned by Barclays, Deutsche Bank, and Standard Chartered, Economic Times reported.
The report assumed that the financial conglomerate advancing to Adani also comprises DBS, MUFG, Sumitomo Mitsui Banking Corp, First Abu Dhabi Bank, Intesa, and Mizuho.