Bonds of Adani group firms have dropped more than their Indian peers on concerns about the group's debt: Report
Updated: 22 Sep 2022, 12:31 PM IST
TL;DR.Adani Ports’ seven dollar-denominated notes have lost about 14% on average so far this year, while Adani Transmission Step-One’s notes due in 2036 and Adani Electricity Mumbai’s 2030 securities have lost more than 17% each.
Adani Ports’ total debt stood at 456.4 billion rupees at the end of March, according to a statement from the group. That would be the highest in at least 10 years.