THE ADANI GROUP on Tuesday said it has prepaid THE NATIONAL COMPANY Law Tribunal (NCLT) on Tuesday approved Mumbaibased Suraksha Group's bid to buy bankrupt real estate firm Jaypee Infratech, nearly two years after the committee of creditors (CoC) had approved its resolution plan. The final approval comes nearly six years after the debt-ridden company entered into the insolvency process.7,374 crore of sharebacked financing to international banks and Indian financial institutions.
"In continuation of promoters' commitment to reduce the overall promoter leverage backed by Adani Listed Company shares, we would like to inform that we have prepaid share-backed financing of ₹7,374 crore ($902 million) ahead of its latest maturity in April 2025," the group said in a release said.
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