Adani Group to tamp down capex roadmap6 min read . Updated: 06 Feb 2023, 06:10 AM IST
- Conglomerate intends to pay back all of the loans raised against shares
- Senior bankers said the Adani group’s fight to redeem itself would depend on how well the group manages the liquidity crisis
MUMBAI : The Adani group plans to trim its capital spending plans while providing more collateral in the form of stock pledges to lenders after it pulled its ₹20,000 crore equity fundraising plan last week due to a stock rout set off by Hindenburg Research’s fraud allegations against the conglomerate, two people close to the development said.
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