gautam adani, Hindenburg’s wound not yet healed, veteran investor refuses to invest money in Adani Group – top investor mark mobius deny investment in adani due to debt
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Question on Adani’s debt
During the interview, Mark Mobius said that market investors have high expectations from India. India is a big market for Mobius Capital. His firm is planning to increase its investment in India, but he will not invest in the Adani group for the time being. Mark said that India is one of the two largest markets in his investment portfolio. As far as investment in Adani Group is concerned, he will keep distance from it for the time being. He refused to invest in the shares of Adani Group companies. He said that due to debt, we have decided to stay away from investing in Adani group companies. He said that Adani group has a lot of debt and we do not want to invest in companies with high debt. With this reason, he has decided to distance himself from Adani’s companies. Earlier in February also he had said a similar thing.
He also gave his opinion on America’s banking crisis and said that America’s economy is moving towards recession. The prime lending rate is continuously increasing. He said that emerging markets have done much better than the US market in the recent past. Apart from China, Indian markets have performed exceptionally well. The Government of India is continuously focusing on the reform process, which is working to attract investors towards India.
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