कोशिश गोल्ड - मुक्त
Have enough cash to service debt, says Adani Group
The New Indian Express
|November 26, 2024
Amid brewing troubles after the US Department of Justice (DoJ) indictment in a bribery case, the Adani Group has reassured investors that all its listed companies have sufficient liquidity to cover all debt servicing requirements for at least the next 12 months.
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In a credit update note released on Monday, the group said that cash balance at portfolio level was at ₹53,024 crore, which is 20.53% of its gross debt. "This amount is sufficient to cover the next 28 months of debt servicing requirements," Adani Group said in a media statement.
Total gross debt of the company at the end of September 30, 2024 was ₹2.4 lakh crore. The average maturity of the debt of all its listed companies is 7.5 years.
यह कहानी The New Indian Express के November 26, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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