The aggressive expansion pursued by the Adani Group, led by Asia's richest person, has put pressure on its credit metrics and cash flow, CreditSights said
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The Adani Group is entering new and unrelated businesses, which are highly capital intensive, raising concerns over execution oversight.
3 min read Last Updated : Aug 24 2022 | 1:38 AM IST
Billionaire Gautam Adani’s ports-to-powerconglomerate is “deeplyoverleveraged,” with the group investing aggressively across existing as well as new businesses,