Adani Group plans to prepay a $500 million loan unpaid next month to a group of banks as the Indian multinational looks to strengthen its funds following a short seller dose.

Standard Chartered Plc, Barclays Plc and Deutsche Bank AG are amongst the banks that borrowed Adani $4.5 billion to finance the obtaining of Holcim limited cement assets last year. A serving of that loan is due March 9.

An Adani speaker said the conglomerate discussed with banks to refinance that fragment of the loan, deciding to prepay it. The spokesperson said deliberations with the banks had not been hindered.

The corporate realm of Gautam Adani, once the global second-richest person, has been thrown into a spiral after the Hindenburg Research report on unproven misconduct. At one point, ten Adani group businesses, including Adani Enterprises, Adani Total Gas, Adani Transmission, and Adani Ports removed $117 billion from their mutual market values in the selloff, compelling the magnate to top up his share initiates for loans.

Hindenburg Research supposed that a web of Adani-family-measured offshore shell entities in tax docks was used to simplify corruption, money laundering, and taxpayer theft. The conglomerate has named the report “bogus” and endangered legal action. Adani gave a video dialogue last week, uttering that the group’s stability sheet is healthy.

Adani Enterprises united Tuesday, leading increases as most of the group’s stocks rose after its creators prepaid some debt and traders enclosed short positions. The flagship’s shares combined by as much as 25% before concluding up nearly 15%.