Bank of Baroda will continueg iving loans to Adani: CEO Sanjiv Chadha
Bank of Baroda MD and CEO Sanjiv Chadha said Friday thatt he bank will continue to lend to the Adani group if the groupa ccount meets the lender’s underwriting criteria.
“For us, any lending decision is based upon, again, thea ssessment of risk and the return on that particular exposure. I don’t think we will be changing that at all. Anything that meets our underwriting criteria is a lendable proposition for us,” he said.
Anand Mahindra echoes the sentiment of Indian industry
Chairman of Mahindra Group Anand Mahindra, through a tweet from his official Twitter account, said, “Global media is
speculating whether current challenges in the business sector will trip India’s ambitions to be a global economic force. I’ve lived long enough to see us face earthquakes, droughts,
recessions, wars, terror attacks. All I will say is: never, ever bet against Ind.
Nobody happy that Indian businessmen are making presence felt globally: Former Solicitor General Harish Salve on Hindenburg report
Adani Ports’s debt well capitalized, able to refinance bonds & attract equity investors:
Goldman Sachs. Goldman Sachs traders backed Adani Ports and said that the
company’s debt was well capitalized with cash on hand, while being liquid enough to trade. They also expected the company
to be able to refinance its bonds while also having the prospect of attracting equity investors and selling assets.
Goldman said it had traded about $170 million of Adani bonds on Thursday before the call, attracting interest from global
funds and distressed investors outside of Asia looking to scoop up the debt from an early stage.
Speaking to India Today, the Former Solicitor General said that the accusations against the Adani Group is a wholesale assault on India and Indians, adding that most of Adani’s assets are regulated.
“You have predictable revenues because you have a regulator fixing your tariff.. you can’t make a lot of money; but at least you have almost guaranteed revenues because, even today, these infrastructure projects are like monopoly projects. The other investments are in hardcore Indian assets like manufacturing cement,” he said.
He also said that the records of Adani Group’s companies are in the public domain, and for someone to say that they did some hidden research is “all nonsen.
