Adani Transmission to announce debt refinancing plans in a few weeks: Report

Adani Transmission will announce debt refinancing plans in a few weeks, executives said on Tuesday in an investor call, according to a source with direct knowledge of the matter.

The company, a unit of embattled Indian conglomerate Adani Group, has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source.

The group, which did not immediately respond to a request for comment on Tuesday, had hired banks to arrange calls with bond investors to reassure them about the payment capacity of its operating companies after it was caught up in a short-selling storm in recent weeks.