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Friday, November 3, 2023

Adani Green is in talks with banks for $1.8 billion loan

Adani Green Energy is in talks with foreign lenders to borrow up to $1.8 billion to fund new solar and wind projects. The banks involved in the discussions include Barclays, BNP Paribas, Deutsche Bank, First Abu Dhabi Bank, Rabobank, and Standard Chartered. If the deal is finalized by the end of December, it would be one of the largest currency loans in Asia this year. This indicates a recovery in investor confidence for Adani Group, following allegations of malpractice earlier this year. Adani has denied these accusations and recently completed a $3.5 billion funding package.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4ZJCXmF

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