This is to make you informed that the richest business group in India, Adani Group, is in talks with foreign banks to take a loan of up to $4.5 billion and it is a mix of overseas loan instruments. However, numerous banks and bankers are aware of the negotiation. Since people have heard the news of Adani Group’s raising loans up to $4.5 billion they have become curious to explore this story and eager to know why Adani Group is raising this whopping amount from overseas banks. Follow More Update On GetIndiaNews.com
If Adani Group will manage to close this deal with the overseas banks then it will become the first Indian industrialist group to raise the biggest loan in foreign currency. This is why this story is gaining people’s attention on a large scale. If you are also interested in learning about this fundraising deal then you should follow this article till the last as we have discussed a lot about Adani Group. Swipe down the page.
The purposed fundraising includes mezzanine financing and stock-backed bridge loans to repay in cash. But why Adani Group group is seeking a whopping amount to raise from overseas banks? According to the source, the money that will be received from the dozen overseas banks will be used to finance partially the Holcim’s stakes in cement companies ACC and Ambuja Cement. ACC and Ambuja Cement both are Mumbai-listed cement companies that have been acquired by Adani Group. Keep reading this article for further details of banks that are in talks with Adani Group. So be sticky with us for a while more.
Deutsche Bank, Standard Chartered, and Barclays Bank earlier underwrote the entire funding lines. Now those funding lines have been split into several other banks that are participating in the transactions. However, the Adani Group has not talked with the media entities as of yet regarding this development. However, we have got some important information. Kindly have look below to learn more about it.
According to the source, the mezzanine line can raise up to $1 billion while the major debt facility is likely to raise up to three billion dollars. According to the reports, the mix of offshored loans will be backed by the stakes of two newly acquired cement companies by Adani Group. Furthermore, the bridge loan will be rapid in cash. Stay tuned to this page for more updates.