
Adani said that people raising “noises” about Adani Group’s debt have not done a deep dive into its financials and also have a “vested interest” to tarnish the reputation of the group.
The group’s profit has been growing at twice the rate of its debt which has brought down its debt-to-Ebitda ratio to 3.2 from 7.6, he added in the interview.
The tycoon recently took a major shareholding control in New Delhi Television through his media entity AMG Media Network, raising fears that the media company may lose its editorial independence.
Adani said, “NDTV will be a credible, independent, global network” with clear boundaries between management and editorial.
He said the next union budget will address concerns about a possible recession in the country in 2023, adding that focus on capital expenditure, employment, spending on social infrastructure, and social security will help in facing global headwinds of recession.