Stock evaluation. Adani Group and pledged shares: How has it changed over the years March 30, 2023 Pledging ratio has come down significantly in the last three years
By SAI PRABHAKARBL RESEARCH BUREAU https://www.thehindubusinessline.com/portfolio/news-analysis/adani-group-and-pledged-shares-how-has-it-changed-over-the-years/article66676659.ece Adani Group stocks and the company’s promoter pledging issue refuse to stay out of the news. On Tuesday, an article from The Ken claimed that Adani promoter margin debt linked to pledged shares may not have been repaid fully contradicting an earlier statement from the Group.
Adani Group in its response has however refuted the news article with its filings in BSE on March 29 . Adani Group refutes report on pledged shares
https://economictimes.indiatimes.com/markets/stocks/news/adani-group-refutes-report-on-pledged-shares/articleshow/99074248.cms The Adani Group has refuted a news report that it has not completed repayment of loans backed by shares worth $2.15 billion. The conglomerate said in a statement to exchanges late Tuesday it has completed 'full prepayment' of margin-linked share-backed financing aggregating to $2.15 billion. It also said all shares pledged for such loans have been released.