Adani’s jump
On one side debt and on the other side Adani’s eye in new sectors. Gautam Adani seems to want to dominate the entire business universe. Now they have got the contract for airport management as well. When this happened for the first time in 2019, this company had no experience in handling the airport. Not only this, Adani has also set a target of creating the world’s largest green hydrogen ecosystem. So money will be required for all these works. Where will this come from? Round tripping also has its limits. Round tripping means withdrawing the money of one’s own companies from one to another. Well, the way to get the money needed for expansion is by taking money from banks or by looking to the promoters. So Adani has done both the tasks in full. Means the work of taking money from both the sources.
On one side debt and on the other side Adani’s eye in new sectors. Gautam Adani seems to want to dominate the entire business universe. Now they have got the contract for airport management as well. When this happened for the first time in 2019, this company had no experience in handling the airport.
Alok Kumar
Then came the FPO which has been eclipsed by the Hindenburg. Gautam Adani hoped that the world’s largest FPO would be worth Rs 20,000 crore. But compared to the price that was kept, the stock of Adani Enterprises went down a lot. That’s why Gautam Adani took back the FPO itself. Today i.e. when this decision was taken on February 2, there is a gap of about 40% between the FPO and the market price.
alarm
On the other hand, Adani needs 400 billion i.e. about five billion dollars to complete the work in hand in the next two years. After withdrawing the FPO, Adani has claimed that the group definitely has cash with him, but the stock market is not believing his claim. On the other hand, it is also true that Adani Group has not bounced any EMI till date. That is, the process of making money from money continues. But heavy debt can break the cycle. For example, take Adani’s company Adani Green. The company is formed in 2015 and in 2022 it also gets a profit of five billion rupees. But between 2019 and 2022, its debt increases from 108 billion to 513 billion rupees. That means 15 times debt to operating income. This is the difference between Mukesh Ambani and Gautam Adani.
lic money
40 percent of Adani’s total debt is from its country’s banks. In this too, 30 percent has been given by government banks. And ten percent by private banks. That’s why after the Hindenburg report, apart from Adani, the shares of banks are also taking a dive. Not only this, one of the most trusted brands of our country, Life Insurance of India i.e. LIC has also invested money in Adani. About 30 thousand crore rupees. The company says that it is still profitable but it has definitely put millions of people in worry.
Difficulties increased for Gautam Adani, RBI asked all banks for information about loans given to Adani
Source: navbharattimes.indiatimes.com
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