Adani Group claims shares not overleveraged, and loans from public sector banks cut in half
In the Adani shares overleveraged scandal, Gautam Adani’s group claimed a better net debt to operational profit ratio and a more than halving of loans from public sector banks. It claimed in a 15-page letter in response to CreditSights’ analysis that the group is overleveraged and that firms have continuously de-levered, with the net debt […]
