The Adani Group is looking to refinance $3.8 billion of loans taken to acquire cement assets. The loans were originally taken to acquire Ambuja Cements Ltd. and ACC Ltd.
The Adani Group is seeking to refinance the loan facility earlier than its original maturity date of 2026.Discussions are underway with at least five additional international banks to join the group of lenders. Notable institutions like Standard Chartered, Barclays, and Deutsche Bank are already part of the lending group.
The refinancing process is expected to be completed within four months.
The Adani Group is one of India’s largest conglomerates. It has interests in a wide range of industries, including energy, infrastructure, and logistics.
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The refinancing of the $3.8 billion loan is a significant development for the Adani Group. It shows that the group is able to access the capital markets and that it is confident in its ability to repay its debts. The move is also a sign of the group’s growing ambitions. The Adani Group is looking to expand its business into new markets, and the refinancing will help it to do that.
