Adani Group stocks have seen a rebound in the Indian stock market after the group rebutted reports of debt repayment issues. All 10 counters of the group are currently trading in the green.
The Adani Group stocks had been under pressure in the past few days due to reports of debt repayment issues. The group had been facing allegations of not paying its dues to various lenders. However, the group has now come out and denied these reports.
In a statement, the group said that it has been paying its dues on time and that it has not defaulted on any of its payments. The statement also said that the group has been in compliance with all the regulations and laws related to debt repayment.
The statement further said that the group has been taking all necessary steps to ensure that its debt obligations are met in a timely manner. The group also said that it has been working closely with its lenders to ensure that all its debt obligations are met.
The statement has helped to allay investor fears and the Adani Group stocks have seen a rebound in the Indian stock market. All 10 counters of the group are currently trading in the green.
The Adani Group is one of the largest conglomerates in India and has interests in various sectors such as energy, infrastructure, logistics, and real estate. The group has been expanding its presence in various sectors and has been making investments in various projects.
The group has been facing allegations of not paying its dues to various lenders. However, the group has now come out and denied these reports. The statement has helped to allay investor fears and the Adani Group stocks have seen a rebound in the Indian stock market. All 10 counters of the group are currently trading in the green.