Key Points
Indias Adani Group said cash balances have improved and it sees no refinancing risks in the near term as the conglomerate took more steps to shore up its finances following a withering short seller attack last year...
The groups Ebitda, or earnings before interest, tax, depreciation and amortization rose more than 60% to 194.75 billion rupees ($2.3 billion) in the third quarter ended Dec. 31 with a bulk of that coming from the transport, infrastructure and energy units of the conglomerate..
The group reported an Ebitda of $9.5 billion for the nine months to Dec. 31...
Led by billionaire Gautam Adani, the group had seen its net debt drop by 3.5% to $21.72 billion in the six months through September alongside a fresh equity raise of close to $5 billion...
As the Adani Group draws a line under the short-seller episode, it is doubling down on its landmark infrastructure projects such as redeveloping Mumbais Dharavi slum, plowing on in new businesses and planning to spend as much as $100 billion on its green transition over the next decade...
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