Reported about 3 hours ago
The Adani Group has reassured creditors of its financial health, stating it has sufficient cash to meet debt obligations following a significant selloff in its stocks and bonds after US bribery charges against founder Gautam Adani. The company reported that its cash balances exceed long-term debt repayments for the next 28 months, and its gross assets to net debt ratio improved, showcasing its resilience despite recent legal challenges and a massive drop in market value triggered by the allegations.
Source: YAHOO