Adani overhang lifting post US SEC case; Bernstein sees foreign funding taps reopening
Bernstein says Adani Group's regulatory cloud from Hindenburg and US SEC-DoJ probes is largely behind it, potentially reviving dollar financing for ports and cement arms. Net debt up Rs 1 trillion since Sept 2024; EBITDA CAGR pegged at 22% through FY26 with leverage at 3.9x.
Bernstein says Adani Group's regulatory overhang from Hindenburg and US SEC-DoJ cases is largely behind it after settlement and dropped charges, potentially reviving foreign funding access and dollar financing for the conglomerate's infrastructure and cement arms.