India: Adani Group is planning to raise US$2.5bn to refinance debt from the purchase of Ambuja Cements and ACC. It secured a US$3.5bn funding package for this in 2023. The proposed borrowing will be split into two parts. Endeavour Trade and Investment, a Mauritius-based special purpose vehicle owned by the Adani family, aims to raise US$1.5bn through a bridge loan with a tenor ranging from 18-24 months, according to Bloomberg. This will later be refinanced through loans from domestic lenders, including the State Bank of India and HDFC Bank. The group is in talks with several banks for financing, with the deal expected to be closed by the end of October 2026. There will reportedly be another US$1bn raised through another round of financing in 2027.
Adani Group plans to raise US$2.5bn to refinance debt from acquisitions
