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Credit watcher warns Adani Group is deeply overleveraged

Credit watcher warns Adani Group is 'deeply overleveraged'

"The Adani Group is increasingly venturing into new and/or unrelated businesses, which are highly capital intensive and raises concerns regarding spreading execution oversight too thin," the report said
The six listed Adani group firms had a gross debt of ₹2,309 billion as of FY22-end. Net debt after accounting for cash in hand was ₹1,729 billion, CreditSights noted

24 Aug 2022 11:12 AM IST