A joint venture of India’s Adani group is in talks with about half a dozen banks 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 joint venture 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, the report added.
