The Adani Group has repaid loans aggregating $2.65 billion to complete a prepayment programme ahead of the 31 March deadline.

This is in continuation of the promoters’ commitment to repay the promoter leverage, the group said in a statement.

The promoters have also prepaid the $500-million loan facility taken for financing the acquisition of Ambuja Cements Ltd.

In a statement, Adani group said it has repaid $2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms and also another $ 500 million in loans taken for the acquisition of Ambuja Cement.

This is in line with promoters’ commitment to increase equity contribution, and promoters have now infused $2.6 billion, out of total acquisition value of $6.6 billion for Ambuja and ACC,” the release said.

The entire prepayment program of $2.65 billion has been completed within six weeks.

Earlier this month, the group prepaid loans worth Rs 7,374 crore, which were taken pledging shares  in four group companies. With this prepayment, promoters got 155 million shares in Adani Ports, 31 million shares in Adani Transmission, and 11 million shares in Adani Green released.

The prepayment comes within days of the promoters selling minority stakes in four listed companies to US-based GQG Partners for Rs 15,446 crore.