Key Points
A group of banks that have been in talks to lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter...
Theyre part of a larger consortium in talks for the syndicated loan to billionaire Gautam Adanis conglomerate..
Some institutions were in discussions to lend $400 million each, in what could become one of the biggest loan deals in Asia this year, Bloomberg reported last month citing people familiar with the matter...
The prospective deal adds to evidence that the group, with business interests stretching from ports to green energy, is closing the chapter on the allegations of malfeasance made by US shortseller Hindenburg Research earlier this year...
Adani bought the India assets of Switzerlands Holcim Ltd. in 2022, as the conglomerate looked to move beyond its core business of operating ports, power plants and coal mines and into areas like data centers, airports, digital services, retail and media...
You might be interested in
Adani lenders weigh up to $750 million loan for Ambuja debt
27, Jul, 23India News: Barclays Plc, Deutsche Bank AG and Standard Chartered Plc are in talks to lend between $600 million and $750 million collectively to Adani Group, as p
Adani group closes in on $3.5 billion loan
20, Oct, 23The Adani group's $3.5 billion loan deal, anticipated to rank among the top 10 largest loans in Asia for the year, is reportedly on the verge of compl
Adani Group’s debt pile up by 21% over past year, reliance on global banks for funding rose too
18, Apr, 23The shifting state of its finances and creditor mix underscores just how swiftly billionaire Gautam Adani’s group, based in the Indian state of Gujarat, has grown and how connected it has become internationally, with business interests as far away as Australia and Israel.
Adani Group’s lender base grows to 25 banks from 18, debt at Rs 2.3L cr
27, Apr, 23India Business News: Mumbai: Adani Group is widening the investor base for its debt as part of its exercise to increase confidence.
Adani conglomerate aims to raise about $800 million for financing green energy projects
27, Apr, 23Billionaire Gautam Adani-led group is in discussions with global banks including Sumitomo Mitsui Banking Corp., DBS Bank Ltd., Mitsubishi UFJ Financial Group. and Standard Chartered Plc, according to the people, who asked not to be identified as the discussions are private.
Adani Ports starts $130 million buyback of debt securities
24, Apr, 23India Business News: Adani Ports and Special Economic Zone has launched a debt securities buyback program aimed at repaying near-term loans due in 2024. The company has pu
Adani Group repays $500 million bridge loan to regain investor faith
08, Mar, 23Some banks had balked at refinancing the debt following a report from Hindenburg Research late-January that sent Adani assets tumbling