Are banks looking at the problems with Adani Group as long-term rather than short-term?
Sanjay Asher: Of course, they are looking at the long term. They would have analyzed the facts and circumstances and then reached a decision or conclusion to support Adani Group. They may have made this particular decision after considering not only their financial circumstances, but also the legal positions filed with the SEC and the Department of Justice.
Additionally, there appears to be a global divide between stakeholders. On the one hand, we can see that Japanese lenders, Middle Eastern banks, are providing support. But few companies like Barclays or Jefferies are thinking the other way. Why do you think there is a global gap?
Sanjay Asher: There are always two views on legal issues. Clearly there will be legal gaps between European banks, Middle Eastern banks and Japanese banks. Now both banks or banks from different jurisdictions will have analyzed it and come to a conclusion. However, considering the facts and circumstances, I am sure that if Japanese and Middle Eastern banks decided to support Adani Group, they would have done their homework.
Since global gaps will always exist, how should investors view them? However, the important factor for investors is that they are investing money and these developments are a bit complicated.
Sanjay Asher: You can look at it from a long-term or medium-term perspective, and from a mid- to long-term perspective, I would say that they are all environmentally friendly.
