Adani's cash generating companies under scrutiny, says Fitch
Edited By WION Video Desk
Published: Mar 28, 2023, 22:45 IST | Updated: Mar 28, 2023, 22:45 IST
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Due to governance weaknesses at the parent conglomerate and other Adani group companies, two Adani Group subsidiaries are susceptible to "heightened contagion risks," which might undermine their financial flexibility, according to rating agency Fitch. In a report published late on Tuesday, Fitch stated that Adani Transmission Ltd., Adani Ports, and the Special Economic Zone are vulnerable to risks.
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