Adani’s Leap
On the one hand debt and on the other hand Adani’s look into new sectors. Gautam Adani seems to want to dominate the entire business universe. Now they have also received the order for airport management. When this first happened in 2019, this company had no experience handling the airport. In addition, Adani aims to create the world’s largest green hydrogen ecosystem. So money is needed for all this work. Where will that come from? Even round-tripping has its limits. Roundtripping means taking your companies’ money from one to another. Well, the way to get the money needed for the expansion is to take money from banks or contact the promoters. So Adani has completed both tasks completely. Means the work of taking money from both sources.
On the one hand debt and on the other hand Adani’s look into new sectors. Gautam Adani seems to want to dominate the entire business universe. Now they have also received the order for airport management. When this first happened in 2019, this company had no experience handling the airport.
Alok Kumar
Then came the FPO, eclipsed by Hindenburg. Gautam Adani hoped the world’s largest FPO would be worth 20,000 rupees. But compared to the price it held, Adani Enterprises stock fell sharply. That is why Gautam Adani took back the FPO himself. Today, when this decision was made on February 2nd, there is a gap of about 40% between the FPO and the market price.
alarm
On the other hand, Adani needs 400 billion, or about five billion dollars, to complete the upcoming works in the next two years. Following the FPO’s withdrawal, Adani has claimed that the group definitely has cash on it, but the exchange doesn’t believe his claim. On the other hand, it is also true that Adani Group has not bounced any EMI to date. That means the process of making money out of money continues. But high debt can break the cycle. Take Adani’s company Adani Green for example. The company will be founded in 2015 and will also have a profit of Rs. 5 billion in 2022. But between 2019 and 2022 its debt will increase from Rs 108 billion to Rs 513 billion. That means 15 times the debt to operating income. This is the difference between Mukesh Ambani and Gautam Adani.
lic money
40 percent of Adani’s total debt comes from his country’s banks. Here, too, 30 percent was provided by state banks. And ten percent from private banks. Therefore, after the Hindenburg report, the bank stocks crash alongside Adani. In addition, one of our country’s most trusted brands, Life Insurance of India, d. H. LIC, also invested money in Adani. About 30,000 crore rupees. The company says it’s still profitable, but it’s definitely worried millions of people.
Difficulties for Gautam Adani increased, RBI asked all banks for information about loans granted to Adani
