00:00Adani Group has received good news from America.
00:04In fact, America's research firm Bernstein has said in its report that Adani Group's
00:09financial position is now better than it was when the group was hit by the Hiddenberg
00:14Research report.
00:16Bernstein has said in a report that Adani Group's promoters have rapidly reduced the
00:21amount of mortgaged shares.
00:23In addition, the company has also collected less loans.
00:26This has strengthened the group's financial position in the past two years, and the research
00:31firm has said that the risks in the kidnapping of Gautam Adani have decreased compared to
00:36two years ago.
00:37So let's tell you in this video how good news has come from America for Gautam Adani
00:43and Adani Group, surrounded by allegations and controversies.
00:47In January 2023, the Hiddenberg Research reported that Adani Group was found to have
00:53been involved in a fraudulent transaction in the accounts of the Hiddenberg Group.
00:58After this, Adani Group's shares were sold out, and the market cap of the group was reduced
01:03to half.
01:04However, Adani Group was successful in getting rid of Hiddenberg's allegations, and even
01:08after that, there were many allegations against the group.
01:11The research firm has said that in the past few years, loans have been reduced on Adani
01:16Group.
01:17In March 2023, the share of banks was 86%, but it was reduced to 15% in the financial
01:24year 2023.
01:25In addition, the share of bonds increased from 14% in the financial year 2015-16 to 31%
01:34in the financial year 2023.
01:36Bernstein believes that the group's cash reserve has also increased in the past year
01:41and a half.
01:42In March 2023, its cash reserve was Rs. 22,300 crores, which was Rs. 49,000 crores in September
01:492024.
01:50The research firm has said in its report that Adani Group has improved compared to the
01:54previous year.
01:55The group is now in very good condition with no share levy, low interest, debt payment
02:00and better valuation.
02:03Bernstein has said that if we look at the share levy incident for the group, then
02:08there has been a big decline in its companies.
02:10In Adani Power, the share levy fell from 25% to 1%, while in Adani Ports it fell from
02:1717% to 0%.
02:18In addition, the group has also increased its promoter's stake by leaving Adani Energy
02:23Solutions.
02:24So what do you think?
02:25What will Bernstein's report affect the Adani Group's market?
02:29Tell us your opinion in the comment box and keep watching Good Returns for such updates.
02:34Don't forget to like and subscribe to our channel.
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