The promoters of Adani Group have pledged more shares as security for loans.

SBICap Trustee Company, a unit of the country's largest lender State Bank of India (SBI), said in notices to stock exchanges that a further 0.99% shares in Adani Green Energy were pledged “for the benefits of the lenders” of Adani Enterprises Ltd.

An additional 0.76% shares in Adani Transmission were also pledged to banks, the trustee said.

With the latest pledge, the total shares in Adani Green Energy that were encumbered with SBICap was 2%.

In the case of Adani Transmission, this came to 1.32%.

Earlier this week, Adani Group said its promoters prepaid loans backed by shares worth $902 million, or 7,374 crore, to foreign banks and Indian lenders ahead of their maturity in April 2025.

As part of the loan repayment, 155 million shares of Adani Ports and Special Economic Zone (11.8% of the promoters’ holding), 31 million shares of Adani Enterprises (4.0%), 36 million shares of Adani Transmission (4.5%) and 11 million Adani Green Energy shares (1.2%) were released from pledges.