Bankers: Adani Group's debt secured by cash flows, assets

Bankers say that Adani Group's borrowings are secured by assets, and group companies have the required cash flows to service loans. Lenders say credit quality will be unaffected by the outcome of the holding company's public issue or the crash in share prices. However, the group has pledged a major chunk of its Ambuja Cements holdings and may have to offer fresh equity as security to foreign lenders to compensate for the share price fall.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hTaA3Vp
>

Comments

Popular posts from this blog

Katrina Kaif looks elegant as ever in a ruffled floral midi dress worth Rs. 15,000 for her visit to Sanjay Leela Bhansali's office

Salman Khan reveals the three villains of Radhe-Your Most Wanted Bhai; says they made the film look stronger and bigger

Dia Mirza admits Rehnaa Hai Terre Dil Mein had sexism in it