An Adani group joint venture is reportedly in discussions with banks for an offshore loan as the troubled conglomerate looks to sew up its first overseas borrowing since short-seller Hindenburg accused the group of fraud more than two months ago.
According to a Bloomberg report, data centre provider AdaniConneX Private Ltd, a joint venture with EdgeConneX, is negotiating with around six banks to raise close to $200 million.
AdaniConneX is likely to take a five-year loan and will use the funds for capex purposes, the report said, adding it expects the deal to be signed in the next few weeks.
