Adani Unit Eyeing Food Business Acquisitions
Adani Wilmar Ltd (AWL), an FMCG unit of Adani Group that offers essential kitchen commodities, is looking for local and overseas acquisition targets to expand its food business. This comes just weeks after its peer Reliance Industries Ltd. (RIL) announced plans to...
Adani Group Debt Still a Concern for CreditSights Despite Softening Tone with New Calculations
In a new note, CreditSights softened its tone regarding its analysis of Adani Group by acknowledging some calculation errors. It corrected the EBITDA estimate for Adani Transmission (ATL) and revised its gross and net leverage ratios to 5.8x and 5.7x based on EBITDA....
Adani Group Clarifies its Numbers while Responding to CreditSights’ Report
Adani Group said that its group companies’ debt load reduced while responding to CrediSights’ report which indicated the group was deeply overleveraged. The company added further that the leverage ratios of its companies continue to be healthy and are in-line with...
