Adani in talks to raise Rs 3.3 lakh crore funds for debt against Australian coal port assets: Report
Adani Group is in talks with global credit funds to raise up to Rs 3.3 lakh crore ($400 million) in debt against assets of the Carmichael coal mine, the Economic Times reported on Monday.
The Adani Group, which saw about Rs 12 lakh crore ($145 billion) wiped off its market value after a US short seller accused it of improper use of offshore tax havens, operates the Carmichael coal mine, the North Queensland Export Terminal, which is a major port for Queensland coal exports, as well as a solar farm in Australia.
