Indian Banks Exposed to 40% of Adani Group’s $24.5B Debt: Report

Indian Banks Exposed to 40% of Adani Group’s $24.5B Debt: Report

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According to estimates by CLSA, Indian banks were exposed to around 40% of the $24.53 billion debt held by the troubled conglomerate Adani Group, Reuters reported Thursday. Adani’s shares are down over 26% today after the conglomerate called off its share offering, taking its market losses to more…

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