🧵 1. Indian conglomerate Adani Group plans to raise over $1 billion through loans, signaling a comeback in the market after a short seller caused a meltdown in its stocks and bonds. #business
🧵 1. Indian conglomerate Adani Group plans to raise over $1 billion through loans, signaling a comeback in the market after a short seller caused a meltdown in its stocks and bonds. #business
🧵 2. Barclays, Deutsche Bank, and Standard Chartered are in talks with Adani to borrow up to $750 million for refinancing debt taken on for the acquisition of Ambuja Cements.
🧵 3. Adani New Industries has secured a $394 million loan from Barclays and Deutsche Bank for a solar module project. The company is slowly restoring investor confidence.
🧵 4. Adani Group, which denied allegations of corporate malfeasance, aims to refinance up to $3.8 billion of a loan facility. Discussions with other lenders are ongoing.
🧵 Read more at: https://www.moneycontrol.com/news/business/adani-returns-to-loan-market-as-investor-confidence-improves-11046821.html