HomeStock MarketAdani Group plans $84 billion in the next 10 years : CFO

Adani Group plans $84 billion in the next 10 years : CFO

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Statement from Adani Group CFO Jugeshinder Singh on Hindenburg Research's  report - YouTube
  1. Adani Group plans to invest Rs 7 trillion ($84 billion) in infrastructure over the next decade despite facing market value losses following corporate fraud allegations by a US short-seller earlier in the year.
  2. The conglomerate’s chief financial officer, Jugeshinder Singh, highlighted this ambitious expenditure strategy, aiming to move past damaging allegations made by Hindenburg Research regarding stock price manipulation and accounting malpractice.
  3. Adani Group aims to raise funds through high yield bonds and private placements via its subsidiaries like Adani Ports and Special Economic Zone Ltd. and Adani Energy Solutions Ltd. They plan to repay bonds of their green energy arm maturing in the upcoming months.
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