Adani CFO says elevated US bond yields reflect a return to normal
Adani Group CFO Jugeshinder Singh countered Uday Kotak’s crisis warning, arguing that US Treasury yields are reverting to historical norms. The debate signals a potentially sustained higher-cost-of-capital environment for debt-funded businesses.
Adani Group CFO Jugeshinder Singh said elevated US Treasury yields reflect a return to historical norms, rejecting Uday Kotak’s warning of a global-finance crisis. The comments signal a higher-cost-of-capital environment relevant to Adani’s consumer and retail-linked businesses.
Why this matters
The funding-cost view follows Adani’s exploration of minority stakes in regional airlines and its decision to rule out an airline launch as airport revenue rose 39% in Q1.
Retail-company signals are accelerating, up 253800% QoQ.