Gautam Adani is planning a maiden bond sale of his flagship firm — Adani Enterprises — to individual investors.
The company has proposed a $121 million public sale of bonds, according to a statement from Care Ratings, which assigned the potential issuance an A+ score.
Adani has been on an acquisition spree this year across sectors as he rapidly seeks to diversify.
Lately, the Adani conglomerate has been getting into areas beyond its traditional mainstay businesses of ports and power plants.
Credit markets have signaled some concerns.