Adani into Debt Trap?

Adani into Debt Trap ? Adani stocks seem to be under pressure as they are currently down by almost 5 percent and are expected to fall even more after a research report by Fitch rating’s CreditSight which says that Adani Group is “deeply overleveraged. In other words, Adani Group's debt is unsustainably high against its equity.Adani Group debt of 2.2 lakh crores as of March 31 is a result of the company’s aggressive expansion which is majorly funded by debt and has put enormous pressure on the credit metrics and cash flows of the company.