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Adani saga and my personal views.


IMHO,before adversely or favorably commenting on any business group on SocialMedia, all shd make disclaimers that they have not profited from their exposure directly or indirectly thro MFs etc w.r.t that Group of Cos.!!!

How do you say crony capitalism in India, when the biggest loss making Public Sector enterprise Air India was sold to Tatas?or becoz Marxist Communist party ruling Kerala wants Adani to complete the port project in Kerala?or becoz Mamata has givena project to Adani in west Bengal?

Even though I agree that alleged stock manipulation &violations accusations  are against Adani and not on India, but why #Hindenberg report says India's capital markets r in broken state and that journalists r murdered or imprisoned for writing against country's businessmen. Is it not attack on India? See below



H report saying this with a judgmental tone and spreading fake info as if India has slid on civilized capitalist culture has not gone down well with many neutral observers H report also screams this alleged Adani scam is  "Biggest con in history". Had Hindenberg brought out a report after 2 months of research against FTX crypto Sam Bankman Fried before his ponzi scheme collapsed I would have appreciated the title "biggest con in history" as appropriate since this real scam happened right under Hindenburg's nose in USA ! Yet, Nobody is questioning why Hindenburg wants to short sell Adani shares and why their motive to profiteer thro this report is not questioned?

I have a strong suspicion that the profits from this short selling could round trip back to India for funding General elections expenses of Opposition in India.
Sebi in its wisdom can bring in Additional Surveillance Measures probably when PE ratios of particular co.shares,exceed threshold limits ,similar to the one it brings in when share prices crash leading to excess volatility
This is only good news as this confirms he has repaid US$1.1 billion loan- whether due to Margin call or not.Nobody has denied his repayment of loan.Only if had evaded and had taken flight to UK,you can accuse him.Don't ridicule if someone repays or prepays his loan.
 Adani's financial problems are only pertaining to Overleveraging where Debt to EBITDA ratio is more than 3 and his Debt Service Coverage Ratio is less than 3. As per Rating Agencies and Banks there are no Short Term Cash problems as Major Loans are maturing only in late 2024 or in 2025.



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