Adani Group moves to refinance $4.5-billion debt this month
Adani Cements, the holding company of Adani Group’s cement firms, is looking to restructure its $4.5-billion debt incurred for the acquisition of Switzerland-based Holcim Group’s stake in ACC and Ambuja Cements. The firm intends to complete the refinancing of the debt this month.
“The idea is to lower the interest rate of the debt, and Adani Group is in advanced stages of discussions with a clutch of domestic and global lenders for the restructuring exercise. These include existing lenders, both domestic and global, and new ones,” a source close to the development told FE.
