2min chapter

Bloomberg Opinion cover image

Man versus market: Powell and Adani Go it Alone

Bloomberg Opinion

CHAPTER

Adani

Adani is not really a public company, but we're seeing a different public market reaction. It's interesting because in many ways, they're very similar, right? These are conglomerates using perhaps one cash call subsidiary to fund new business ventures of other business arms. So, it's one combo, the others will fall as well. But I think Adani is a bit more international than the Chinese ones. In fact, they have received funding from everyone. And also, Adani has a bit of overseas funding. I'm talking about 30%. Now, how similar is the Adani story to the likes of China Evergrande, other companies like that?

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