Adani group says no refinancing issues in bid to calm jittery investors
Hindustan TimesAdani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a U.S. short-seller's critical report on its business practices. In a long-awaited credit report issued by Adani to Indian exchanges on Tuesday, the apples-to-airports group said there was "no material refinancing risk and near-term liquidity requirement as there is no near-term significant debt maturity". On Tuesday, Indian Home Minister Amit Shah rebutted the allegations, saying Prime Minister Narendra Modi's party has "nothing to hide or be afraid of" on the controversy over the Adani group. India's Economic Times daily reported on Tuesday that Adani group executives had been holding negotiations since last week with Abu Dhabi's International Holding Corp for a capital infusion into Adani Enterprises or other group entities.