Gautam Adani in talks with banks to borrow $600 million for gas unit: Report
Business Today -

Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt. The loan will be raised by Dhamra LNG Terminal Pvt, a unit of Adani Total Pvt, Bloomberg reported quoting people in knowledge of the development. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, the report said.The port-to-power group is discussing the planned transaction with lenders, including Credit...

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