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Mark Mobius Shows His Support For The Adani Group Even Amidst The Ongoing Controversies

The group ended up navigating all the challenges and ultimately, it was able to build itself an extraordinary reputation on a global scale. The business group has also been able to overcome the threats posed upon it by the Adani Investigation and create an impeccable place for itself in this business world.

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Mark Mobius Shows His Support For The Adani Group Even Amidst The Ongoing Controversies

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  1. Mark Mobius Shows His Support For The Adani Group Even Amidst The Ongoing Controversies

  2.  In a recent interview, Mobius mentioned that the DoJ may have overstepped its bounds by interfering in an Indian company’s affair. He has mentioned that the Justice Department has no business in prosecuting the Indian conglomerate. He has also called the Adani Investigation baseless.

  3. Mobius’s Thoughts On The US Justice’s Recent Allegations As per recent reports, Mark Mobius has strongly expressed his faith in the Adani Group. He mentioned that the evidence of wrongdoing brought upon by the US Department of Justice remains vague and no such strong proof has yet been found against the Adani Group even with the Adani Investigation ongoing. Mobius has also indicated that he did not purchase Adani group stocks in recent times because of the chances of rapid recovery in prices. He also sees extraordinary potential in the group, particularly in its power and infrastructure business. He also believes that the Adani Group holds global expertise in multiple business sectors and its enhanced presence in this dynamic business world will allow it to walk the path of success in no time at all.

  4. The Adani Group has been dealing with a lot of challenges since the indictment news was out. The Adani Investigation has also been ongoing. However, Nomura remains optimistic about the Adani Group’s performance. The brokerage noted that the Adani Group’s financial resistance has improved to a significant extent post the Hindenburg crisis. Nomura has also highlighted that the Adani Group’s enhanced liquidity management has given it leverage this time. It has also mentioned that with time, the company has also built itself an extraordinary risk management strategy which will further allow it to navigate the challenges in a broader market.

  5. In order to further build the investors’ confidence, the Adani Group has recently announced capital expenditure cut and a bond buyback plan. Nomura expects that the group’s bonds will gradually stabilise. They will start to trade at 7 to 8 %. Mobius also emphasised the high resilience of the Indian power sector. This includes coal-based energy which continues to thrive because of its rising global demand. However, despite the recent turbulence, Mobius has maintained a positive outlook on sectors like infrastructure and telecom. He has also talked about their tremendous growth potential.

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