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    Vikshita Vitthal Gujaran in News

    21-Oct-2022 08:43 AM


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    Adani Group considers raising $10 billion debt in lower-cost debt, green bonds

    Indian billionaire Gautam Adani’s group is looking to raise at least $10 billion in new debt over the next year as his conglomerate seeks to refinance its high-cost borrowings and fund projects in the pipeline, according to people familiar with the plans.
    The effort could start as early as the ongoing December quarter, the people said.
    The timing of this fundraising effort, however, may change according to global market conditions, they said.
    An Adani Group representative declined to comment on the fundraising plan.
    But the macroeconomic headwinds have become much stronger since.

    Source - Mint