Exclusive: Aswath Damodaran On The Adani Debt Burden & Impact On Expansion

 India Today Group’s Rajdeep Sardesai quizzes valuation guru Aswath Damodaran about the massive debt burden on Adani Group and how the Hindenburg fallout could hit the group’s expansion plans. Aswath Damodaran explains that the infra business is such that companies operate on wafer-thin margins with huge capex outlays. He also says that the Hindenburg report has sown a seed of doubt which will slow down Adani’s expansion plans.