Key Points
Billionaire Gautam Adani-led Adani Group has reportedly got an approval from a group of banks for a syndicated loan of about $3.5 billion to refinance debt which it had taken to buy Ambuja Cements Ltd...
Barclays Plc, Deutsche Bank AG and Standard Chartered Plc have agreed to lend about $250 million each towards the syndicated loan of about $3.5 billion to refinance Adani Group's debt, Bloomberg News reported on Tuesday..
This comes after several months of talks between the Gautam Adani-backed conglomerate and lenders...
Last month Bloomberg had reported that around $400 million would be lent by DBS Group Holdings, First Abu Dhabi Bank, Mizuho Financial Group, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp each, while other banks would lend smalleramounts...
Besides, the Adani Group company also entered into an inter-corporate deposit agreement with Sanghi Industries, under which it will provide an unsecured inter-corporate deposit worth Rs 300 crore to Sanghi, in one or more tranches for general corporate purposes...
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