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Adani Group is on better financial footing now than during Hindenburg attack, says Bernstein

By Economic Times - yesterday
The Adani group is financially stronger now than during the short-seller Hindenburg attack, with reduced share pledges, low leverage, and increased promoter holdings. Debt has slightly increased but profits have grown more, lowering leverage. The group's cash reserves have also risen significantly, and their funding sources have diversified, reducing reliance on domestic banks.

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