Adani Group touts cash pile to ease Hindenburg-fueled concerns

The Adani Group has reassured investors by stating it has sufficient cash to cover over 30 months of debt payments, addressing liquidity concerns as it plans new fundraising for its flagship unit. As of the end of Q1 of the fiscal year, its cash reserves accounted for 24.8% of its gross debt, up from 17.7% a year earlier.