Key Points
Energy is in talks with a group of foreign lenders to borrow as much as $1.8 billion, adding to evidence of recovering investor interest in Indian billionaire Gautam Adanis conglomerate after a short sellers scathing attack earlier this year...
The banks involved include Barclays Plc, BNP Paribas SA, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Rabobank and Standard Chartered Plc, said the people, who asked not to be named because the matter is private...
Adani has repeatedly denied the accusations, and in a sign of improved sentiment the group completed a $3.5 billion funding package to refinance debt used to purchase Ambuja Cements Ltd and ACC Ltd..
You might be interested in
Adani Green Energy in talks with foreign lenders to borrow $1.8 billion, claims report
03, Nov, 23This potential borrowing initiative follows Adani Group's recent successful securing of a $3.5 billion funding package, which was used to refinance the debt related to the acquisition of Ambuja Cements Ltd. and ACC Ltd.
Adani group repays $500 million bridge loan to regain investor faith: Report
08, Mar, 23Adani: The money was released to lenders on Tuesday, the people said, asking not to be identified as the details are private.
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.
Gautam Adani returns to loan market as investor confidence improves
28, Jul, 23India Business News: Adani Group, owned by Indian billionaire Gautam Adani, is reportedly in talks to borrow $600 million to $750 million to refinance the debt taken on to
Adani in talks for first major debt refinancing after Hindenburg
13, Jun, 23The ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original loan into debt with a longer maturity period and has started talking to banks individually about that plan, said the people, who asked not to be identified as the discussions are private.
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 looks to rope in more lenders to refinance $3.8 billion
20, Jun, 23The Adani Group is seeking to refinance $3.8bn of loans taken to acquire cement assets and has reportedly started discussions with at least five additional international banks to expand its group of lenders. The majority of Adani's existing lenders, consisting of Barclays, Deutsche Bank and Standard Chartered, are anticipated to participate in the refinancing, with the group due to begin meeting with potential new lenders.
Billionaire Adani Group’s refinancing risks ebb on earnings lift
01, Mar, 24The groups Ebitda, or earnings before interest, tax, depreciation and amortization rose more than 60% to 194.75 billion rupees ($2.3 billion) in the third quarter ended Dec. 31 with a bulk of that coming from the transport, infrastructure and energy units of the conglomerate. The group reported an Ebitda of $9.5 billion for the nine months to Dec. 31.