Adani group has never defaulted on any loan, says Karan Adani
"All the debt -- whether in power or ports or mining -- has been backed by performing assets."
"All the debt -- whether in power or ports or mining -- has been backed by performing assets."
The proceeds from the equity issuance would be utilised to strengthen the balance sheet position of group companies, including deleveraging the power business and to part fund the proposed takeover of integrated business of generation, transmission and distribution of power for Mumbai, the company said in a statement.