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Adani Group gets ready to raise up to ₹40,000 crore from retail investors, aims to hedge risks: Report | Mint

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Adani Group gets ready to raise up to ₹40,000 crore from retail investors, aims to hedge risks: Report | Mint

Adani Group is planning to raise up to ₹40,000 crore from retail investors over the next few years to diversify funding sources and reduce risk. The group's arm, Adani Enterprises, has already launched its public issue of secured non-convertible debentures worth ₹400 crore, which received full subscription on the first day. The company aims to launch similar public issues for other group entities to decrease its reliance on a limited set of lenders. Adani Enterprises has witnessed a rise in debt, with long-term borrowings increasing by 34.14% year-on-year. However, the company's liquidity position remains strong, with cash reserves covering over 30 months of debt payments.

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