Gautam Adani makes Rs 40,800 crore bet to silence debt-obsessed critics
Ahmedabad, 25/11: Gautam Adani’s plan to raise at least $5 billion (Rs 40,800 crore) in equity aims to shut down two of the most frequent criticisms leveled against the Indian tycoon’s swelling empire: high debt ratios and a limited investor base. After four years of eyebrow-raising gains — some Adani Group shares surged more…
