Indian billionaire Gautam Adani's conglomerate, Adani Group, is actively seeking financial growth through various means. The group is looking to raise approximately $400 million through the private placement of overseas bonds. Additionally, Adani Energy is in early discussions for a potential $500 million dollar bond issue. In a significant move to bolster its investment portfolio, Adani Group has announced plans to invest over $9 billion (Rs 75,000 crore) in the central Indian state of Madhya Pradesh. This investment is expected to generate more than 26,000 jobs. Amidst these financial maneuvers, the Adani Group has also stated that their cash balances have improved and they see no refinancing risks in the near term.
#AdaniGroup plans investment worth Rs 75,000 crore in Madhya Pradesh, move likely to generate over 26,000 jobs https://t.co/shPDXJ7ttk
Adani Group plans to invest over $9 billion in the central Indian state of Madhya Pradesh https://t.co/6qnY45MrFD
Adani Energy in early talks for up to $500 mln dollar bond issue, sources say https://t.co/qtfdQqhrS6 https://t.co/hyWn4tCoMR
India’s Adani Group says cash balances have improved and it sees no refinancing risks in the near term https://t.co/UAqXdlFXvK via @markets
India’s Adani Group says cash balances have improved and it sees no refinancing risks in the near term https://t.co/UjVqwMIcOE
Indian billionaire Gautam Adani’s conglomerate is looking to raise roughly $400 million through the private placement of overseas bonds, sources say https://t.co/pKtMRdWXVR