Adani rebuffs report of $400 mn fundraise against Australian assets
(Reuters) -India’s Adani Group on Monday denied a media report that said the conglomerate was in talks with global credit funds to raise up to $400 million in debt against some of its Australian assets, calling it “totally false and untrue.”
The Indian ports-to-power group operates the Carmichael coal mine, the North Queensland Export Terminal (NQXT), as well as a solar farm in Australia.
The NQXT, a major port for Queensland coal exports controlled by the Adani family trust, is being considered to raise funds to repay promoter debt, the Economic Times (ET) reported, citing sources aware of the fund-raising.
A spokesperson for Adani Group denied the report in an email to Reuters on Monday, without giving any other details.
