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Legendary investor Mark Mobius said he shunned embattled Adani's share sale over debt concerns but he's still bullish on India
Mark Mobius, a pioneer in emerging-markets investing, said his firm didn’t take part in Adani Enterprises’ stock sale before it was scrapped because it had concerns about the embattled Indian conglomerate’s debt. “It’s all about debt. The company and its associates are heavily in debt, and that’s …
