Indian tycoon Adani’s ‘deeply exploited’ empire: CreditSights

Indian billionaire Gautam Adani’s conglomerate is ‘deeply in debt’ as the group invests aggressively in existing and new businesses, Fitch Group unit CreditSights said, warning of a potential default by one or more group companies . The investments are primarily debt-funded, resulting in high leverage which has “understandably caused concern about the group as a …

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