Debt ratio at billionaire Adani’s green firm needs ‘watching’

A key financial metric of Adani Green Energy is flashing signs of concern as its billionaire owner takes on more debt to become a renewable energy giant. The Gautam Adani owned company’s debt-to-capital ratio has soared to 95.3%, a level that is on the “higher side” for a private company, according to Sharon Chen, an analyst at Bloomberg Intelligence.

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