New Delhi. India’s industrialist businessman Gautam Adani is in danger of a big loss after a report of an American company came out these days. But now bankers say Adani is secured by the group’s borrowed assets, and the group companies have the cash flows needed to service loans. Lenders say credit quality will be unaffected by the outcome of the holding company’s public issue or a fall in share prices. However, the group has pledged a major portion of its Ambuja Cements holdings and may have to offer fresh equity as security to foreign lenders to offset the fall in share prices. Assets of about Rs 1 lakh crore have been reported against the debt of Rs 35,000 crore.
Let us tell you that similarly Adani Ports is also generating enough cash to service its debt. Lenders said Adani Enterprises has already achieved financial closure of the Navi Mumbai airport, which has a debt requirement of over Rs 12,000 crore. In upcoming investments, the group has won the bid for the redevelopment of the Dharavi slum in Mumbai. But the loan for this project is yet to be raised.
Along with this, let us also tell you that in a CLSA report, it has been said that in terms of debt, the top five companies of Adani Group have a total debt of Rs 2.1 lakh crore. Of this, only 40% of the loans are held by Indian banks – public sector banks account for 30% and private banks account for the remaining 10%. These top five companies are Adani Power, Adani Green, Adani Ports, Adani Enterprises and Adani Transmission. The group’s total debt with Indian banks is estimated to be around Rs 1 lakh crore. “We estimate the banking exposure to the Adani group at 0.6% of system credit as bank credit accounts for less than 40% of the group’s total lending. Within this, PSU CLSA in its report said, “The exposure of banks as a share of their loans is 0.7%, with some banks potentially having more than 1% of loans in the data, while the exposure for private banks is reported at 0.3%.” going.”