Despite the crisis, the Adani conglomerate is critical to India's growth story, said Anand Batepati, portfolio manager at GFM Focus Investing.
"Nobody wants to see Adani [Group] suddenly collapse because these infrastructure projects are big. The assets are good. They serve a mission critical purpose and they're aligned to all these development goals the government is shooting for," he told CNBC's "Streets Signs" on Wednesday. "So, I don't think the access to [Indian] capital markets, whether it's the banks or the rupee bond market, is going to be closed to Adani," added Batepati. "It is possible though that there's going to be more scrutiny."The Securities and Exchange Board of India is expected to meet Finance Minister Nirmala Sitharaman on Wednesday, to give an, has also said "the banking sector remains resilient and stable," citing its own assessment of the situation.
ParikPatelCFA relative?
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Gautam Adani Seeks to Appease Investors as Flagship Unit’s Earnings JumpSeeking to allay investors’ concerns, Indian billionaire Gautam Adani described the current market volatility as temporary after a weekslong share-price rout Still nose bleedingly high PE ratio. Still so far to fall to bring in line with other industrial firms valuations. The sad thing is that it's the shareholders of all the western institutions that are going to pay for their lack of due diligence in investing in the group. It looks like corruption oozes out of the pores of his oily skin. dhume Since you are above any criticism, I would like to point out your article about Modi and Adani. You said Modi killed 1000 Muslims. Please have some shame. What kind of journalism is this? Clearly, you have forsaken the truth and just have an agenda!
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India's Adani tries to calm investors as market rout continuesIndia's Adani Group sought to reassure investors on Monday as a rout in its shares continued, saying its business plans were fully-funded, its cashflows strong and it remained confident of delivering attractive returns to shareholders. The corruption runs deep. Local analysts are fearful of talking down the creditworthiness of India’s largest companies. It’s akin to late 1990s South Korea, when dollar-denominated debt tanked the economy.
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