Sunday, February 19, 2023

Bank of Baroda CEO says willing to keep lending to Adani Group

The comments offer a degree of support for embattled billionaire Gautam Adani after some banks balked at refinancing a $500 million bridge loan due next month. That came after a report in January from short seller Hindenburg Research sent the group’s assets tumbling. More recently, investor sentiment got a boost when the conglomerate said it will address upcoming maturities.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-baroda-ceo-says-willing-to-keep-lending-to-adani-group/articleshow/98078115.cms

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