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Adani Transmission to announce debt refinancing plans in a few weeks: Report

1 min read . Updated: 21 Feb 2023, 10:13 PM IST Xie Yu
Adani Group had hired banks to arrange calls with bond investors after it was caught up in a short-selling storm in recent weeksPremium
Adani Group had hired banks to arrange calls with bond investors after it was caught up in a short-selling storm in recent weeks

Adani Transmission, a unit of Adani Group, has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the report said

HONG KONG :

Adani Transmission will announce debt refinancing plans in a few weeks, executives said on Tuesday in an investor call, according to a source with direct knowledge of the matter.

The company, a unit of the embattled Indian conglomerate Adani Group, has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source.

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Adani Group had hired banks to arrange calls with bond investors after it was caught up in a short-selling storm in recent weeks.

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