Warnings are flashed by Adani Credit after a group gorged on cheap debt.

According to statistics published by Bloomberg, the conglomerate, whose operations range from ports to renewable energy, has recently turned to international bond buyers for more than $8 billion in loans in foreign currencies.
Gautam Adani’s vast economic empire was one of the few to embrace the age of inexpensive financing. But with yields rising and access to international financing suddenly in question, investors and analysts think the borrowing frenzy has made it all the more vulnerable amid its worst crisis ever.
According to statistics collated by Bloomberg, the conglomerate, whose activities range from ports to renewable energy, recently turned to foreign bond buyers for more than $8 billion in funding and to international banks for at least that much in foreign-currency loans. Some are already warning that Adani’s more heavily leveraged enterprises have limited capacity to absorb high interest rates after its borrowing costs increased in response to accusations of fraud and stock manipulation by short seller Hindenburg Research.

This news is written by Miss. Ankita, Associate, All India Legal Forum