The loans are up for repayment in March 2025. The persons said that apart from domestic financial institutions, the group has held talks with investors and lenders from West Asia, Europe and Japan for a private placement to refinance the loan.
The development comes in the backdrop of the group scrapping its $1.2-billion offshore bond issuance plans in the last week of November following an indictment of group founder Gautam Adani and other executives by the US department of justice, and other uncertainties including one regarding coupon rates in the international market.
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