No exposure to Adani group stocks because of its high debt: Mark Mobius

Mobius Capital Partners is very bullish on India and will increase its portfolio here going forward, its founder Mark Mobius said in an interview with Mint on Monday. Mobius added that they have not invested in the Adani group stocks because of the group’s high debt.

“We do not want to have investments in companies with high debt and that is the reason we tended to stay away from Adani companies,” he said in the interview.

He added that India has done “exceptionally well” and is being noticed by investors globally.