Photo: Bloomberg
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Adani Group To Hold Fixed-income Investor Roadshow In Asia Next Week
The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month
Topics
Adani Group | Investors | Hindenburg Report
The Adani Group will hold a fixed-income investor roadshow in Asia next week, a person familiar with the matter said.
The Indian conglomerate will hold the roadshow on Feb. 27 in Singapore, and Feb. 28 to March 1 in Hong Kong, according to a person, who asked not to be identified discussing a private matter. The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month.
The Adani Group, which also held calls with investors earlier in February, is seeking to stem the negative impact from the Hindenburg claims as it faces debt maturities from group companies over the next two years. Moody’s Investors Service this month cut the outlook on several Adani companies, citing concerns over the impact of any big jump in funding costs.
Barclays Plc, BNP Paribas SA, DBS Bank Ltd., Deutsche Bank AG, Emirates NBD Capital, ING, IMI-Intesa Sanpaolo SpA, MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank have extended the invitation for the roadshow to potential investors.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, February 24 2023. 08:58 IST
RECENT NEWS
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more