The Adani group is talking to at least five global private equity (PE) firms and a clutch of Indian banks to raise $2.5-3 billion over the next four months, two people aware of the development said, as the conglomerate aims to fast-track some of its key mega projects in the airport and renewable energy space.
Centerbridge Partners LP, Pacific Capital Group and the UAE's International Holding Co. (IHC) are among the PE firms that have expressed interest in investing in Adani New Industries Ltd, Adani Airport Holdings Ltd and Adani Green Energy Ltd, said one of the two people cited above, both of whom spoke on condition of anonymity.
"Over the past six weeks, Adani group officials have held talks with multiple PE firms in the US, Canada, West Asia and Europe to raise capital via the sale of equity shares in subsidiaries. Investors are upbeat after the Supreme Court's recent judgement in the Hindenburg (Research report) case," the person added.
Emails sent to the Adani group, Centerbridge, Pacific Capital and IHC remained unanswered.
Bu hikaye Hindustan Times dergisinin January 29, 2024 sayısından alınmıştır.
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Bu hikaye Hindustan Times dergisinin January 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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