Share-backed loans paid back: Adani

Indian billionaire Gautam Adani and his family have prepaid all borrowings backed by his conglomerate Adani Group's shares, senior executives told investors at a meeting in London, Bloomberg News reported on Wednesday, citing people who attended the meeting.

The investor meeting was part of a worldwide roadshow launched by the conglomerate aimed at reassuring investors that the conglomerate's finances are under control, the report said.

Representatives for the embattled conglomerate did not immediately respond to a Reuters request for comment.

Another Bloomberg report earlier in the day said the Adani group has repaid a $500 million bridge loan that was due Thursday.

Adani's efforts to rebuild investor confidence comes as the group seeks to allay concerns about its debt by pre-paying loans, in the aftermath of a scathing US short-seller report.