Adani Group to Seek $1.5 Billion for Data Center Financing

Adani Group Said to Seek $1.5 Billion for Data Center Financing

Adani Group, controlled by India’s richest man Gautam Adani, is seeking to borrow about $1.5 billion to help finance its expansion into data centers, according to people familiar with the matter.

Adani Group said to seek $1.5 billion for data centre financing

Adani's data centre unit, AdaniConneX, is in talks with lenders including DBS Group, First Abu Dhabi Bank PJSC and Mitsubishi UFJ for the offshore facility.

Adani Group to seek $1.5 billion for data center financing

Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.

Adani Eyes A $1.5 Billion Loan To Power Its Data Centre Ambitions - Business Connect Magazine

Adani Eyes a $1.5 Billion Loan to Power Its Data Centre Ambitions AdaniConneX is reportedly in talks with global banks as the group doubles down on digital infrastructure Adani’s data centre push may be about to get a major cash injection. The group is reportedly seeking to borrow around $1.5 billion to fund expansion. One [...]

Adani Group Eyes $1.5 Bn Loan to Accelerate Data Centre Expansion

The Adani Group is in discussions to raise about $1.5 billion through an offshore loan to support the expansion of its data centre business, according to reports citing people familiar with the matter.Sources said AdaniConneX, Adani Group's data centre venture with EdgeConneX, is in talks with a consortium of lenders, including DBS Group, First Abu Dhabi Bank and Mitsubishi UFJ Financial Group, for a proposed offshore loan facility.Key Highlight…

Billionaire Gautam Adani seeks $1.5bn loan for data centres

AdaniConneX, the data centre arm of Indian billionaire Gautam Adani's group, is talking to banks including DBS and MUFG about a $1.5 billion loan.