Adani shares overleveraged

The Adani Group has recently announced the launch of various new projects at its Vizhinjam International Seaport. This includes a bunkering unit for refuelling ships and a seafood park. All these projects are a part of the expansion plan for the Vizhinjam port. The development is in addition to the next three phases of the…

Adani Ports and Special Economic Zone would purchase back up to $195 million of its 2024 bond, the billionaire Gautam Adani-led business said on 27th September, 2023, in an exchange filing. Adani Ports began a debt-securities repurchase programme in April to settle a portion of its near-term liabilities due in 2024. Earlier in 2023, the…