Fitch says two Adani entities face contagion risks

March 29 – Ratings agency Fitch said two Adani Group subsidiaries were exposed to “heightened contagion risks”, possibly affecting their financial flexibility, due to weak governance at the parent conglomerate and other companies in the group. Adani Transmission Ltd (ADAI.NS) and Adani Ports and Special Economic Zone (APSE.NS) “would be capped at […]