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Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged.
Group had a gross debt of Rs 1.88 lakh crore in March 2022 and net debt of Rs 1.61 lakh crore after considering the cash balance.
Richest Indian Gautam Adani’s conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged.
Reports Say Adani Group Is 'Deeply Overleveraged': Indian billionaire Gautam Adani emerged as the richest Asian businessman in no time and he has made wise investments in various fields which is minting him gold.
Adani Green Energy declined 4.15 per cent on the BSE