December 26, 2024
Tangible Assets

Adani news: Adani Group touts cash pile to ease Hindenburg-fueled concerns

Adani Group said it has enough cash to cover more than 30 months of debt payments, in a move aimed at alleviating concerns about its liquidity risk as the Indian conglomerate contemplates fresh fundraising for its flagship unit. Billionaire Gautam Adani’s group said its cash balance accounted for 24.8% of gross debt as of the

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