Key Points
The Adani Group is reportedly in advanced discussions with prominent sovereign funds based in West Asia to secure funding of up to $2.6 billion..
This potential move to raise funds is part of the conglomerate's expansion plans for airport infrastructure and green hydrogen projects, Business Standard reported...
As part of the funding strategy, Adani Enterprises, the group's flagship entity, may consider diluting its stake in either the airport-holding firm or the green hydrogen business to accommodate the participation of these sovereign funds who are keen to put money in India's infrastructure sector, the report said citing unnamed sources...
Despite these challenges, the group has demonstrated resilience, attracting substantial investments from entities such as GQG Partners, Qatar Investment Authority (QIA), and French energy giant TotalEnergies..
GQG Partners acquired stakes worth almost USD 4.3 billion across five Adani group companies between March and August, while QIA and TotalEnergies collectively invested USD 770 million in Adani Green Energy Ltd...
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