Adani Energy Solutions aims to raise about $400 mn via oversees bonds
Indian billionaire Gautam Adani’s conglomerate is looking to raise roughly $400 million through the private placement of overseas bonds, according to people familiar with the matter.
The US-currency deal by Adani Energy Solutions Ltd., with infrastructure assets as collateral, is expected to take place in the next three months, said the people, who asked not to be named because the discussions are confidential.
The group’s ability to raise funds offshore has been under close scrutiny since the 2023 crisis triggered by shortseller Hindenburg Research’s allegations of malfeasance, which caused a selloff in its dollar bonds. Adani has repeatedly denied the claims.
