Global rating agency Fitch has given great news to the Adani Group amidst a big fall in the shares.
This report has brought relief for Gautam Adani amidst the continuous decline in the shares of Adani Group for a week.
Fitch Ratings says that there is no immediate impact on the rating of Adani Group and its assets after the Hindenburg report.
Let us tell you that after the withdrawal of the FPO of Adani Enterprises, the fall in the shares intensified.
According to rating agency Fitch, there has been no impact on the cash flow of Adani Group companies.
Fitch officials said that we are closely monitoring the finance and related activities.
According to rating agency Fitch, it is expected that there will be no major change in the cash flow forecast of Adani Group.
Fitch said 'the Hindenburg report has not affected the credit profile of the Adani Group in any way.'
Let us tell you that due to the decrease in the market cap of companies, Adani has been out of the list of top-10 rich.