BUSINESS

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BUSINESS

Adani Group has more lenders now

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Lenders increased

Three months after Hindenburg Research questioned its sky-high debt, Adani Group's lender base has increased.

2

Adani's debt burden

Adani Group's debt is Rs. 2.27 lakh crore, with a significant portion in bonds and global banks. In the March quarter, it had paid back about $3 billion.

3

Debt overload criticized

Adani Group has been criticized for carrying more debt than recommended. The group, however, has repeatedly confirmed its ability to repay debts.

4

More foreign lenders

Adani Group's lender base has increased to 25 from 18, including two American banks, three European banks, and three Japanese lenders.

5

Banks getting comfortable

Adani Group is in talks to raise $800 million for new green energy projects, which could indicate banks are more comfortable lending to the group.