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Gautam Adani, family put up additional $1.4bn shares as collateral

Gautam Adani, family put up additional $1.4bn shares as collateral

Friday, March 20, 2020, 12:13 PM

Industrialist Gautam Adani and family have put up an additional $1.4 billion shares in various group companies as collateral (loans are tied to stock prices) on existing debt in March, Bloomberg reported. The publication analysed regulatory filings through March 19 for four of Adani group's companies. These include holding company Adani Enterprises, the ports business, the electricity business and power units.
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