Adani Enterp. 1984.65↑92.50(4.89%)
Adani Ports 708.80↑17.80(2.58%)
Apollo Hospitals 4595.30↓-6.00(-0.13%)
Asian Paints 3139.75↑98.35(3.23%)
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Coal India 236.15↓-0.40(-0.17%)
Divi's Lab. 3329.20↓-96.05(-2.80%)
Dr Reddy's Labs 4532.00↓-335.30(-6.89%)
Eicher Motors 3405.30↓-11.45(-0.34%)
Grasim Inds 1774.15↓-0.25(-0.01%)
H D F C 2767.15↑14.50(0.53%)
HCL Technologies 1088.10↑9.80(0.91%)
HDFC Bank 1653.20↑1.10(0.07%)
HDFC Life Insur. 567.40↑4.75(0.84%)
Hero Motocorp 2585.45↓-0.60(-0.02%)
Hind. Unilever 2592.40↑69.70(2.76%)
Hindalco Inds. 420.85↓-15.60(-3.57%)
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IndusInd Bank 1187.45↑14.90(1.27%)
Infosys 1256.10↓-7.15(-0.57%)
ITC 420.40↓-4.95(-1.16%)
JSW Steel 710.60↓-13.75(-1.90%)
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SBI Life Insuran 1185.40↓-3.40(-0.29%)
St Bk of India 573.45↑1.25(0.22%)
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UltraTech Cem. 7835.45↑92.25(1.19%)
UPL 682.90↑3.20(0.47%)
Wipro 384.65↑0.90(0.23%)

Adani Group promoters won't take on debt to fund expansion, growth

'Measured growth' the new buzzword for the group

Surajeet Das Gupta New Delhi

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Photo: Bloomberg

3 min read Last Updated : May 11 2023 | 8:17 PM IST

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The promoters of Adani Group have decided they will not raise further debt on their books to fund the conglomerate’s expansion and growth, according to sources aware of the development.

It is part of their new “risk management” strategy, said sources, after the group’s market capitalisation plummeted following the Hindenburg Research report, which accused it of market manipulation.

However, they will continue to be “net lenders” to group companies when they require funds. The Gautam Adani-led promoter group recently paid back the entire $2.5 billion of loans taken by pledging its shares in the companies.