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The Times of India

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'Why Adani group is an example of bad business practices and not a con'

Adani Group Damodaran Gautam Adani Hindenburg Adani Enterprises United States Adani Enterprise SES New Delhi

NEW DELHI: Gautam Adani-owned Adani Group, and specifically it flagship firm Adani Enterprises hold massive amount of debt and is overleveraged, valuation guru Aswath Damodar said in a blog post as the group as a whole reels under pressure in the aftermath of the Hindenburg report.

However, he noted that carrying so much debt is not a con but just a bad business practice.

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