Begin typing your search above and press return to search.

You Searched For "third largest conglomerate in India"

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 5:42 AM GMT