Bhaskar Updates: Adani Group Pays Margin Linked Share Backed Financing Valued At $2.15 Billion

The Adani group has paid $2.15 billion in margin linked share backed financing (money taken in lieu of stock) to the promoters. The group had taken till March 31, 2023 to pay it, but the payment was made ahead of schedule. The group has taken several steps in the recent past to win back the confidence of investors. This step of the company is being linked to the same.

Today’s other big news…

Two boats capsize near California’s San Diego beach, eight migrants dead

Eight people have died after two boats capsized near Black Beach in San Diego, California in the US. A San Diego Fire Rescue Department official said one call to the emergency number came from a woman who said she was on a boat with 15 people that capsized off Blacks Beach. Another boat carrying eight people also capsized. Officers located the boat using the phone’s GPS. It is said that migrants were aboard the boats.