Adani Group says companies have sufficient liquidity
Mon, Nov 25, 2024 5:12 PM

Adani Group says companies have sufficient liquidity

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Gautam Adani-led conglomerate assured its investors that the cash reserves and profits are enough to service the debt obligations of the Group, reported PTI. With a cash reserve of ₹53,024 crore, they said it would be sufficient to cover the next 28 months of debt servicing needs. In the past, the group had announced plans to invest more than ₹8 lakh crore (USD 100 bn) across portfolio companies.

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