Adani Group plans $2.5 billion refinancing in India’s biggest offshore loan this year

Adani Group plans $2.5 billion refinancing in India’s biggest offshore loan this year

Adani Group plans a $2.5 billion offshore loan to refinance debt. This significant borrowing aims to cover the acquisition of two Indian cement firms. The group is seeking $1.5 billion through a bridge loan and $1 billion via a five-year facility. Discussions are ongoing with several international banks for the financing. The deal is expected to close before the end of October.