How does Valuation of companies keep increasing even after facing massive losses and being in neck deep debt



Eg:- Byju’s: Faced loss of 4.6k crore (Indian system) but valued at 22bil

Adani has a debt of 1.6 lakh cr but he is the 3rd richest guy in the world

Don’t investors and banks see that all of it may come crashing down?

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