Adani plays down debt concerns in latest bid to calm investors

Indian conglomerate has been enveloped in turmoil following short-seller attack

India's Adani Group says gross debt at its listed entities, excluding consumer goods maker Adani Wilmar, stood at $27.3 billion in the July-September quarter. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

February 15, 2023 16:54 JST

BENGALURU -- India's Adani Group late on Tuesday played down concerns over its ability to service debt in its latest attempt to soothe investors after a scathing short-seller report wiped over $100 billion from the conglomerate's market value.

"[There is] no material refinancing risk and near-term liquidity requirement as there is no near-term significant debt maturity," the group said in a statement.