Adani group eyeing to raise $10 billion for renewables, cement arms

Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days

Gautam Adani will soon raise at least $10 billion from global investors like Temasek, GIC, and other private equity fund managers. According to a report by Livemint, the funds will be used in his clean energy, ports and cement businesses. 

"They (Adani Group promoters and top management) were in Singapore last week. Earlier, they separately met West Asian and American investors. Talks are still on. Hopefully, $10 billion should be easy to raise. The only issue is that since the capital raising is through equity sales and most of the Adani firms’ shares are steadily rising, pricing of deals will