this post was submitted on 03 Sep 2023
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Cost of funds spike for Adani group amidst allegations (www.thehindubusinessline.com)
submitted 2 years ago by xuxebiko@kbin.social to c/india@kbin.social
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Adani Group faces higher interest rates on loans due to ongoing investigations. Banks are loading up risk and reputation premiums, with some domestic banks lending at 8.75-9.15% compared to 6-6.5% prior to allegations. Foreign banks have also increased rates from LIBOR+0.5/0.75% to SOFR+1/1.25%.

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