For investors who want to create wealth in the long term…I dont see how Adani Green will help (speculation is a different game)…it has HUGE debt…all the company will have to do is just service this debt for the foreseeable future, and given the kind of ambitious target the promoter has, there is no other way but to take on more debt (and its not an independent company, it has deep linkages with other group cos, any trouble with any other sister company and the group could come down like a pack of cards)…just think about it…for how long can you keep going with that kind of debt…I know you’d say the allocation is very small…but instead buy another gem (clean management/promoter, free cash flow generator, decent ROCE, reasonable valuation, etc.)
PS: too many words for 0.1%
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