Adani Group touts ‘very healthy’ balance sheet in bid to calm investors

Billionaire Gautam Adani’s embattled conglomerate said its balance sheet is “very healthy” and is laser-focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report penned by a US short-seller.

Group CFO Jugeshinder (Robbie) Singh, in an earnings call, said the group is confident of its internal controls, compliance and corporate governance.

Separately, it released a compendium of group companies to highlight that it has adequate cash reserves and has the ability to refinance debt.