Anil Ambani’s ADAG has set aside assets worth Rs.59,761 crore to manage a debt of Rs.1,24,956 crore. That is a little less than 50 per cent of the total debt. Reducing debt will improve not only the balance sheet of the corporation, but also that of the banks with their stressed assets.
Adani Enterprise Ltd recommended at Rs.71.35 on 25 May, 2016, touched Rs.74, intra-day. The stock will slowly move towards Rs.87-88, in the short term.