Key Points
MUMBAI (Reuters) Four subsidiaries of Indias Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday...
The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of anonymity as they are not authorised to speak to the media...
The companies may tap the market before the end of this month, once it judges the pulse of investors in upcoming roadshows, one of the bankers said.. Adani Green Energy did not immediately respond to a Reuters request for comment...
The Adani Group returned to the dollar bond market earlier in 2024, about a year after it was accused by short-seller Hindenburg Research in January 2023 of improper use of offshore tax havens and stock manipulation that sparked a $150 billion rout in shares of the groups companies...
The group, which has repeatedly denied the allegations, has seen its firms recover much of the losses in shares and bonds since then.. In March, Adani Green Energy raised $409 million via 18-year bonds after receiving bids of nearly $3 billion...
You might be interested in
Adani family plans $1 billion investment in green energy arm
21, Dec, 23Adani Green Energy Ltd. is looking to issue preferential shares to the companys founders for meeting expansion and refinancing needs, according to the people familiar with the discussions who didnt want to be identified as the talks are private. Shares rose as much as 6.7% in Mumbai after the news broke, paring this years loss to 20%.
India's Adani Green weighs raising $1.5 bln - Bloomberg News
06, Jul, 23India's Adani Green Energy is considering raising about $1.5 billion to fund its green diversification in the country, Bloomberg News reported on Thursday, citing people familiar with the matter.
Adani Green weighs raising $1.5 billion to fund expansion, sources say
06, Jul, 23Adani Green Energy Ltd.s board will discuss plans to raise funds from institutional investors on Thursday and will then seek approval from shareholders, the people said, asking not to be identified as the talks are private.
Adani family to invest Rs 9,350 crore in green energy arm
26, Dec, 23India Business News: NEW DELHI: Billionaire Gautam Adani and his family plan to inject Rs 9,350 crore into the conglomerate's green energy arm to equip it to achieve the 4.
Adani family plans $1bn investment in green unit
22, Dec, 23Billionaire Gautam Adani and his family plan to inject $1 billion into Adani Green Energy, the group's renewable energy unit. The company aims to issu
Vibrant Gujarat summit: Gautam Adani to invest $24 billion in Gujarat in five years
10, Jan, 24The Adani Group's chairman, Gautam Adani, stated on Wednesday at the Vibrant Gujarat summit that the company plans to invest Rs 2 lakh crore ($24 billion) in the green and renewable energy sectors in the state of Gujarat over the course of the next five years. The Vibrant Gujarat summit kicked off on Wednesday.
Adani Group considers offering $1.2 billion more bonds
06, Mar, 24Gautam Adani's conglomerate plans to offer $1.2 billion in dollar bonds by June. Adani Green Energy Ltd. and associated firms aim to raise funds for refinancing existing loans. The company is discussing the transaction with arrangers and bankers and expects to conclude the issuance in four months.