Adani group gives confidence, portfolio companies will give excellent returns to investors

Adani Group: After negative news coming one after the other about the portfolio companies of Adani Group, a statement has been issued to maintain the confidence of investors on the group. Adani Group spokesperson has assured the investors that the portfolio companies of the group will give excellent returns to the investors.

Adani Group spokesperson said that the balance sheet of all the portfolio companies of the group is very good. We have been at the forefront of the industry in development capabilities. With strong corporate governance, secured assets, strong cashflows, sufficient funds are available for all our business plans. Once the current market conditions stabilise, then all our portfolio companies will review their capital market strategy. The company’s spokesperson assured the shareholders that the portfolio companies would provide excellent returns to the investors.

In fact, in Monday’s trading session, there has once again been a sharp decline in the shares of Adani group companies listed in the stock market. Rating agency Moody’s has downgraded the rating outlook of Adani Group stocks. In such a situation, it is believed that the company may face capital difficulties in furthering its expansion plans. According to the reports, the Adani group has also reduced the target of revenue growth, so the group is going to cut down on the expenditure on the expansion plan.

Shares of Adani Group fell face down

Adani group companies have seen a decline again. Looking at the stocks of the group, Adani Enterprises stock 7%, Adani Green 5%, Adani Wilmar 5%, Adani Transmission 5%, Adani Power 5%, Adani Total Gas 5%, Adani Ports 5.18%, ACC 3.04%, Ambuja Cement closed with a decline of 5.09 per cent and NDTV by 5 per cent.

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