Adani Group reportedly plans to prepay or repay share-backed loans worth between $690 million (₹5,706.03 crore) and $790 million (₹6,532.74 crore) by the end of March.

What Happened? Per sources cited by Reuters, the conglomerate’s management in a meeting with bondholders in Hong Kong revealed that the group plans to improve its credit profile after losing billions in market value to an attack by short-seller Hindenburg Research.

The sources also went on to mention that Adani Green Energy also intends to refinance its 2024 bonds via a $800 million (₹6617.07 crore), three-year credit line.

It is worth noting that the group led by billionaire Gautam Adani has already engaged in calls with bondholders earlier this month in attempts to ease concerns. Group executives have revealed refinancing plans at some of its units already and also plans to completely pre-pay all loans against shares.

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The meeting convened in Hong Kong on Tuesday is part of a roadshow tour across Asia to appease investors which did not begin as well as planned as the group’s listed entities saw a further drop in share values on Monday.

Earlier this month, Adani called off Adani Enterprises' $2.5 billion (₹20,686.60 crore) share sale after it shed tens of billions of dollars in market value.

Days later, India's regulator, the Securities and Exchange Board of India, or SEBI, issued a statement to inform the market that it was placing extra surveillance measures on companies linked to Adani Group.

Price Action: Here’s how Adani Group companies were faring on Tuesday:

Adani Enterprises Ltd. shares were trading almost 9% higher at ₹1,303.75.

Adani Green Energy shares were up 4.88% at ₹485.00

Adani Ports and SEZ shares are also up 4.59% at ₹587.50

Adani Power shares were trading 4.98% higher at ₹146.45

Adani Total Gas shares were in the red by 4.99% at ₹680.20

Adani Transmission shares were down too by 2.38% at ₹660.25

Adani Wilmar shares were up by 3.60% at ₹356.00

ACC shares were trading at ₹1,735.90 after a 2.45% climb, while Ambuja Cement shares were up 4.43% at ₹344.30

NDTV shares were trading 4.58% higher at ₹189.50

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