Adani lenders weigh up to $750 million loan for Ambuja debt
Thursday, 27 July 2023
Barclays Plc, Deutsche Bank AG and Standard Chartered Plc are in talks to lend between $600 million and $750 million collectively to Adani Group, as part of discussions to refinance the debt taken to fund its purchase Ambuja Cements Ltd.The loan would be syndicated who asked not be named as the matter is private. Gautam Adani’s conglomerate is also in discussions with other lenders, as it seeks to refinance as much as $3.8 billion of a loan facility taken for its Ambuja acquisition.
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Related news from verified sources
Gautam Adani returns to loan market as investor confidence improvesAdani Group, owned by Indian billionaire Gautam Adani, is reportedly in talks to borrow $600 million to $750 million to refinance the debt taken on to buy Ambuja...IndiaTimes |
