Adani JV in talks for first loan since Hindenburg
A joint venture of Adani Group is in talks for a loan of about $220 million, which will be its first since short-seller Hindenburg released a damaging report on it this year, Bloomberg News reported on Tuesday.
Data centre provider AdaniConneX, a JV with Virginia-based EdgeConneX, will use the money for capital expenditure, with a five-year tenor under discussion, the news agency reported citing people familiar with the matter. The loan may be signed in the next few weeks, it added.
