Adani in talks to raise Rs 15k crore from domestic bond sales
Billionaire Gautam Adani’s conglomerate plans to tap the bond market to raise up to Rs 15,000 crore ($1.8 billion) this financial year as it gears up local-currency debt sales since damaging allegations were made by a US short seller earlier this year, according to people familiar with the matter.
The notes would likely be sold in small Rs 500 crore to Rs 1,000 crore lots of listed and unlisted bonds to meet capital expenditure requirements, said the people, who asked not to be identified because the plans are private. Adani Ports, Adani Electricity Mumbai, Mumbai International Airport, Navi Mumbai International Airport and Adani Enterprises are among the group’s firms that may issue first, the people said.
