Adani Group in talks for first major debt refinancing after Hindenburg

The Adani group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements last year, said people familiar with the matter.

The ports-to-power conglomerate owned by 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.