Adani Group in talks to refinance up to $3.8 billion debt: Report
Hindustan TimesAdani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter. A panel of experts appointed by the Supreme Court said in a report last month that there’s no regulatory failure or wrongdoing behind the wild swings of Adani stocks. A panel of experts appointed by the India’s Supreme Court also said in a report last month that there’s no regulatory failure or wrongdoing behind the wild swings of Adani stocks. To finance that deal, bridge loans maturing in 2023 and 2024 were taken out by Mauritius-domiciled Endeavour Trade & Investment, the Adani Group vehicle that acquired Holcim’s cement business.