Sunday, February 19, 2023

Bank of Baroda CEO says willing to keep lending to Adani Group

The comments offer a degree of support for embattled billionaire Gautam Adani after some banks balked at refinancing a $500 million bridge loan due next month. That came after a report in January from short seller Hindenburg Research sent the group’s assets tumbling. More recently, investor sentiment got a boost when the conglomerate said it will address upcoming maturities.

from Banking/Finance-Industry-Economic Times https://ift.tt/RZnOgjy

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