INVC NEWS
Mumbai : The Adani Energy Solutions Ltd, the power transmission company of Asia’s second richest billionaire Gautam Adani, can raise $ 400 million from foreign bonds. Quoting sources, it has been said that the US currency deal by Adani Energy Solutions Limited is expected to happen in the next three months. Adani’s infrastructure assets (subsidiary companies) may also be included in this.
It is noteworthy that after the report released by American short seller Hindbannerg Research, Adani Group companies had to face a lot of crisis. There was a huge decline in its shares and the valuation of the companies also kept falling.
Due to which it had to sell some stake in its companies. But later, after the market regulator SEBI submitted the investigation report, Adani got relief from the Supreme Court and the group companies started gaining momentum again.
Now if all the 10 companies of Adani Group are combined, then its foreign loan also saw a decline of 61 percent by September 2023. Adani Group company Adani Green Energy Limited said that the company plans to raise $409 million ($409 million) by issuing bonds in US dollar denomination. Whose tenure will be for 18 years.
