Feb 8 (Reuters) - Adani Group Chairman Gautam Adani
faced a margin call of more than $500 million on a $1.1 billion
share-backed loan, prompting him to repay the whole debt, the
Financial Times reported on Wednesday, citing four people with
direct knowledge of the matter.
The repayment was meant to avoid any further damage to
investor confidence, which has been rocked by allegations of
fraud by short-selling firm Hindenburg, the report added.
An Adani spokesperson did not immediately respond to a
Reuters request for comment outside business hours.
(Reporting by Juby Babu in Bengaluru; Editing by Anil D'Silva)
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