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Musings on Markets: Control, Complexity and Politics: Deconstructing the Adani Affair!

CFO News Room

In fact, the infrastructure business is full of companies that borrow heavily, with little or no earnings buffer, and I am not sure that many of them will withstand the Hindenburg test for over leverage.

Marketing 130
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Transcript: Mathieu Chabran

Barry Ritholtz

The exposure you get in investment banking, I was a leveraged finance banker by background. So as the market and the industry restructure, we’ll certainly be very opportunistic. CHABRAN: Maybe because I come from a leverage finance background, as I told you, I tend always to focus on the downside. I think we learned a lot.

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Control, Complexity and Politics: Deconstructing the Adani Affair!

Musings on Markets

Download data Again, the steep drop off in invested capital that you see in 2015 is just a reflection of the restructuring of the company that year, as the invested capital in Adani Ports and Power was removed from the mix.