March 12 (Reuters) – Adani Group stated it had accomplished full prepayment of margin-linked share-backed financing price $2.15 billion as a part of its debt prepayment plan, earlier than its deadline of March 31.

The Gautam Adani-owned conglomerate additionally pay as you go a $500 million facility it had taken for Ambuja acquisition financing, it stated in an announcement on Sunday, including that the cost is available in continuation of promoters’ dedication to repay the leverage.

“This is according to promoters’ dedication to extend (the) fairness contribution and promoters have now infused $2.6 billion out of (a) complete acquisition worth of $6.6 billion for Ambuja (ABUJ.NS) and ACC (ACC.NS),” the assertion stated.

Adani Group final 12 months acquired Holcim AG’s (HOLN.S) cement companies in India – Ambuja Cements and ACC Ltd – for $10.5 billion, its largest-ever acquisition.

Adani’s newest transfer comes because the group seeks to rebuild investor confidence and allay issues about its debt by pre-paying loans within the aftermath of a scathing report by U.S. short-seller Hindenburg Research.

Hindenburg’s report alleged inventory manipulation and improper use of tax havens, and flagged “substantial” debt ranges, which the group has denied.

Gautam Adani and his household have pay as you go all borrowings backed by his conglomerate Adani Group’s shares, senior executives informed traders at a gathering in London, Bloomberg News reported final week.

Reporting by Baranjot Kaur and Jahnavi Nidumolu in Bengaluru; Editing by David Holmes

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