Adani group told investors that several top Japanese and European banks have reaffirmed confidence in the embattled conglomerate after it was pummeled by a US short seller’s critical report, a company document showed.
In a series of roadshows from Hong Kong to New York held in recent weeks for fixed income investors, the group committed to achieving 20 per cent year-on-year growth in core earnings and to diversify its debt portfolio, the document showed.
Global banks such as “MUFG, SMBC, Mizuho, Standard Chartered, Barclays, DBank (Deutsche Bank), consortium lender banks have reaffirmed confidence in Adani group,” said the document which stated its goal was to assuage investors.
