March 14, 2025 03:00 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
In a setback for Donald Trump, US judge orders federal agencies to rehire fired workers: Report | 'We will thwart conspiracies hatched by Centre': Revanth Reddy on delimitation exercise | Chennai doctor, his wife along with two sons die by suicide due to huge debt: Cops | Amid language debate, Tamil Nadu drops rupee symbol in state budget | Scientist killed in assault by neighbour over parking argument in Mohali | British woman tourist raped in Delhi hotel by man she befriended on social media | Gold smuggling case: Court restrains media from publishing, telecasting defamatory statements against Ranya Rao | Trump warns Putin of 'devastating' financial impacts if Russia blocks Ukraine ceasefire | 'People are going to Russia right now as we speak: Donald Trump on Ukraine war ceasefire talks | Pakistani army claims to have freed all hostages in passenger train siege; 28 personnel killed
Adani
Image Credit: twitter.com/gautam_adani

Adani JV in talks with banks for first credit in dollars since Hindenburg report: Report

| @indiablooms | Apr 05, 2023, at 04:46 am

Mumbai: Adani Group is in talks with at least half a dozen banks for a loan of about $220 million, its first since the negative by US-based short-seller Hindenburg Research last January, Bloomberg reported.

Data centre provider AdaniConneX, a joint venture with Virginia-based EdgeConneX, will use the borrowed money over a span of five years, which is the tenor under discussion, the news agency reported citing people aware of the matter.

The loan is likely to be finalised in the next few weeks, the report said.

Adani Group hasn’t made an official statement on the matter and didn’t respond to the queries by Bloomberg News.

Hindenburg's January 24th report triggered a massive decline of over $100 billion in the shares' value of the listed companies of the ports-to-power conglomerate, forcing the group to scale down some of its previously ambitious expansion plans.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm