These bonds were issued in 2019 when APSEZ had raised $650 million through five-year bonds due for maturity in July 2024. After the US-based activist shortseller Hindenburg Research released an adverse report on Adani Group in January, the bonds fell to 86/88 cents on the dollar, and has since recovered to 97 cents, said a bond trader.
Market’s next big cue may come from earnings and rural revival: Shiv Puri
Shiv Puri from TVF Capital Advisors suggests a positive outlook for consumption due to changing unsecured personal lending. He highlights opportunities in underpenetrated sectors like
June 17, 2025