Reasons Behind The Strategic Rise of Gautam Adani
Highlights: The six listed firms of the Adani Group had a gross debt of ₹2,30,900 crore as of FY22-end. Net debt after accounting for cash in hand was approximately ₹1,72,900 crore. “In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a massive debt trap, and possibly culminate into a distressed situation […]
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