Adani Portfolio: Liquidity Management 25 - All portfolio companies are fully funded . - At a portfolio level the liquidity post the Discretionary capex is estimated at INR 24 , 200 cr . - Equity Capital Market Plans underway for USD 5 bn in calendar year 2023 , - out of which USD 3 bn is expected to be completed within next 3 months Note : Liquidity position before discretionary capex and acquisition (excl related debt funding) = (A) [Opening Cash + FCFE – Committed Capex & Acquisition + Debt raised other than International Capital Market related to committed Capex & Acquisition] Liquidity position post discretionary capex = (B) [(A) – Discretionary Capex + Debt raised for Discretionary Capex ] 36,463 68,899 100,880 24,201 34,633 44,352 2023 2024 2025 Liquidity position before discretionary capex and acquistion (adjus. for related debt funding) Liquidity position post discretionary capex INR Cr Liquidity Management