
Banks' risks from Adani exposure are limited but can increase if loans rise: Moody's
Domestic banks may become the main source of funding for the group, resulting in increases in banks' exposures to Adani, says Moody's.
Domestic banks may become the main source of funding for the group, resulting in increases in banks' exposures to Adani, says Moody's.
The latest note by JP Morgan comes four days after Fitch said there's no immediate impact on the credit ratings of Adani group entities and securities after the Hindenburg report.
Ambuja Cements has reported an increase in its profit for the first time after being acquired by the Adani Group last year from Holcim Ltd.
APSEZ is targeting FY24 revenue of ₹19,200-19,800 crore, while EBIDTA is projected in the range of ₹12,200-12,600 crore.
Gautam Adani-led conglomerate will reduce the overall promoter leverage backed by shares of listed Adani Group companies.
This is the market regulator's first statement after several Adani Group stocks witnessed an "unusual price movement" over the past 10 days.
This comes amidst reports that the group is engaging with lenders to prepay some of its commitments to revive investor confidence.
The agency says it will be looking at any major changes to Adani group entities’ access to financing or cost of financing on a long-term basis.
The selloff in Adani Group stocks continued on Thursday, wiping off $108 billion from the conglomerate's market capitalisation in a week.
Before the opening of the Indian stock market, Gautam Adani through a video message assured investors that Adani Group has strong fundamentals, healthy balance sheet and robust assets.