Adani Group has said that its chairman Gautam Adani and his family are repaying a $1.1bn share-backed loan early – ahead of its September 2024 maturity. The loan is from banks including Barclays, Citi, Deutsche, JPMorgan and SMBC.

The structure of these loans is likely to have contributed to incentivising early repayment, as the prices of Adani Group shares have fallen.