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    QONEQT in Adani Group

    10-Oct-2022 10:21 AM


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    Adani Group In Talks With Investors To Raise $10 Billion: Report

    India's Adani in talks with investors to raise $10 billion: Report Billionaire Gautam Adani and his family are in early discussions with investors, including Singapore investment firms Temasek and GIC, to raise at least $10 billion to fund its expansion into clean energy, ports and cement businesses, Mint newspaper reported on Monday.

    Adani family members and top group executives held talks with several potential investors, the report said, citing two people with direct knowledge of Adani Group and the Adani family's plans.

    Group promoters and top management were in Singapore last week after meeting West Asian and American investors, one of the people was cited as saying.

    Singapore's sovereign wealth fund GIC and Adani Group did not immediately respond to requests for comment from Reuters.

    Temasek said it does not comment on market speculation and rumors.
    Source: NDTV
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