Mumbai: The Adani Group is in talks with lenders to raise about $1 billion for financing its upcoming green energy projects and has sounded out potential investors, said people with direct knowledge of the matter.
The group has begun discussions with a group of foreign banks to syndicate the loan, which will be the first significant debt fundraising for the ports-to-cooking-oil conglomerate since US-based short seller Hindenburg Research published a report on January 24, accusing it of fraud and stock manipulation, said the people. The group has steadfastly denied these allegations.
