Adani’s bonds drop amid concerns of debt


Leading the way: Adani became the world’s second-richest person on Forbes’ real-time billionaire tracker after becoming the first Asian to break into the top three. — AFP

NEW DELHI: Surging share prices of Gautam Adani’s companies have helped make him the world’s second-richest person.

The bond market isn’t quite as enthusiastic. Stocks of firms in his Indian business empire – spanning ports to gas distribution and coal mining – have jumped in part on soaring energy prices.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit opens flat following US inflation report
Vstecs shares jump 10% on profit surge
FBM KLCI rises as US inflation data meets expectations
Trading ideas: Scientex, Bumi Armada, Pasdec, Aizo, Dayang, MClean, Uzma, AGX, PUB, Elk-Desa, MMHE, JPG
Economy to grow 5.3% in 3Q24 on manufacturing
Citigroup says it’s ‘game on’ for deals in America
Uzma wins PETRONAS contract
Heineken to tap into stout consumer demand
Increase in sales volume set to benefit Hartalega
Magnum shareholders may receive U Mobile shares

Others Also Read