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Adani Group Hires Banking Meeting: Big news related to Adani Group is coming out. Adani Group is making every effort to win and retain the trust of its investors. Some banks have been appointed by the Adani group to negotiate with the investors. With this, they can easily get answers to the questions arising in the mind of the investors. On behalf of Adani Green Energy and Adani Transmission, banks are organizing a meeting next week to discuss fixed income investors. Know what is the reason behind this meeting..
Discussion can be held for 2 days
According to a Bloomberg report, these banks have asked investors to hold discussions on February 16 and February 21. These include Barclays, BNP Paribas, DBS Bank, Deutsche Bank, Emirates NBD Capital, ING Groep NV, MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are included, who are going to organize this meeting. However, it is not clear what will be discussed in this meeting.
try to win trust
Adani Group companies have informed in the stock exchange filing that the company does not have any major debt in the near future. Also, the company does not require any kind of loan. Gautam Adani is trying to win back the trust of investors. That’s why the group is making many efforts.
Shares fall
Since the report of Hindenburg Research Company, a short seller of America, there has been a huge decline in the shares of Adani Group. There has been a loss of more than 120 billion dollars in the empire of Gautam Adani, the country’s big businessman. Adani’s flagship firm, Adani Enterprises Limited, has suffered a lot. Adani Enterprises has earned a net profit of Rs 820 lakh in the quarter ended 31 December. Whereas last year there was a loss of Rs 1163 lakh in the same period.
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