Adani Group’s pile of debt increased almost 21 per cent over the past year and the proportion held by global banks rose to nearly a third, according to data seen by Bloomberg that offers an up-to-date snapshot of its financial health.
Information gleaned from people familiar with the conglomerate’s inner workings as well as from presentations to investors reveal 29 per cent of its borrowings were with global international banks at the end of March — a category that didn’t feature on the group’s list of creditors seven years ago.
Yet the data also show a metric for its ability to pay off its debts improved.
