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Adani Ports Repays Rs 1,500 Crore to SBI Mutual Fund, Aditya Birla Sun Life

Adani Ports and SEZ have repaid Rs 1,500 crore in loans.

Adani Ports and SEZ have repaid Rs 1,500 crore in loans and will repay another Rs 1,000 crore in commercial paper due in March.

Adani Group paid Rs 1,000 crore to SBI mutual fund and Rs 500 crore to Aditya Birla Sun Life mutual fund on commercial paper due Monday.

“This advance comes from existing cash balances and funds generated from business operations,” a company spokesman said. “This underscores the market’s confidence in the group’s prudent capital and liquidity management plans.”

An SBI MF spokesman said there were no further exposures. “SBI MF has an exposure of around Rs 1,000 crore to Adani Group, which is due for repayment. We have no further contact with Adani Group,” the spokesman said.

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