Adani Group Is Said to Stress Ample Cash on 1st Day of Roadshow
- Officials say there’s money to repay maturing debt for 3 years
- Investor roadshow is due to continue in Hong Kong Tuesday
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Adani Group executives emphasized the company’s ability to honor its obligations in coming years and generate cash, according to investors attending the first day of an Asia roadshow.
The group’s officials told roadshow participants that it has enough money to repay debt maturing over the next three years and that it has an $800 million credit facility, according to the people, who asked not to be identified because the meetings were private. A recent filing showed the conglomerate as having a cash pile of 317 billion rupees ($3.8 billion) as of the end of last year.