Adani CFO Jugeshinder Singh says no refinancing, capital plans at Hong Kong roadshow

Adani CFO
Image Source: MoneyControl

Adani Group’s chief financial officer, Jugeshinder Singh, told Bloomberg News on the sidelines of an investor roadshow in Hong Kong on Tuesday that the company is not looking to restructure debt or infuse cash.

“Are you looking to refinance any debt?” he was asked. “No, we don’t have anything major at all,” Singh remarked.

“There’s no transactions,” he continued, without providing a timeline or any explanation.

He also replied “No” to the question, “Are you planning to infuse any capital?”

The crisis-hit Indian conglomerate is continuing an investor roadshow in Hong Kong on Tuesday to assuage investor worries about its financial health and corporate governance raised by charges made by a short-seller.

On Monday, it hosted a series of investor meetings in Singapore, where officials stated that the business had enough money to service creditors for the next three years, in addition to a $800 million credit facility.


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