Adani Enterprises Ltd. has made full payment of Rs 30 crore of commercial papers.
Commercial paper is an unsecured short-term debt, whose maturity date was Thursday, July 13. It has been told in the exchange filing that Adani Enterprises redeemed the commercial paper on Thursday, the date of maturity. The company clarified that no amount is due now.
Prior to this, Adani Enterprises had fully repaid Rs 10 crore of commercial paper on 5 July. In March, the promoters of the Adani Group informed that they had fully repaid share-backed loans worth $2.15 billion or Rs 17,623 crore till March 12, well ahead of the month-end deadline.