The Adani group has faced problems because of the Hindenburg report. However, the group is trying to win back the trust of investors in a different way. For this purpose, the group had organized a road show.
Japan’s three big banks have shown confidence in the crisis-hit Adani Group after the revelations of American short seller firm Hindenburg. These three are Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking and Mizuho Financial Group. These three banks of Japan have assured financial assistance to the Adani Group. Importantly, these banks are not existing lenders to the Adani group.
In the news of Financial Times, this information has been given by quoting sources. Along with this, sources said that existing lenders including Standard Chartered and Barclays have also reiterated their faith in the Adani group. Apart from this, investor GQG Partners can once again invest in Adani Group companies.
GQG Partners had invested: Let us tell you that in the last March, GQG Partners had invested Rs 15,446 crore in Adani Enterprises (AEL), Adani Green Energy, Adani Ports and Adani Total Gas. This investment was made at a time when Hindenburg Research exposed the Adani Group and the shares of the group companies crashed badly. Due to this report Adani group has faced many problems. However, the group is trying to win back the trust of investors in a different way. For this purpose, the group had organized a road show.
How much debt: Adani Group’s debt as on 31 March 2023 was Rs 2.27 trillion, of which 39% is in bonds, 29% from international banks and 32% from Indian banks and NBFCs.
