The Adani Group repaid its loans against promoters’ shares. But the disclosures don't add up
Good digging, I was wondering about not seeing the disclosures as well. Though I expected more clarity at the end of this quarter, after the Group filed its Q4 financials. What is the authors' thesis about what actually happened with the $2bn? It was only a partial repayment as a direct result of margin calls and not a complete repayment as indicated? Also, another concerning event in this saga is that SBI had initially misled the public about not having exposure to Adani shares, even though it later emerged that they did! Of course, there was no clarification. (Edited to remove link to external site)