Gautam Adani is not the only Indian tycoon seen in trouble


Gautam Adani is not the only Indian tycoon seen in trouble

 

Indian tycoons who have taken on a lot of debt are facing difficulties. Gautam Adani's $236 billion infrastructure enterprise has decreased by more than three-fifths monthly. Despite the attention that his tremendous growth and dramatic fall have created, Anil Agarwal's Vedanta Resources Ltd., which was once listed on the London Stock Exchange, may be stirring up a smaller but still significant issue. The company has a large amount of debt, including a $1 billion bond due in January. Unfortunately, his most recent attempt to reduce the burden has not been well-received by the one partner he cannot afford to displease – the government of New Delhi.

 

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