Business Standard

Gautam Adani weighs $5 billion fundraise as banks urge deleveraging

The fundraising will start with Adani Enterprises and is separate from the group's plans to raise debt, one of the people said

Gautam Adani
Premium

Gautam Adani

Bloomberg
The Adani group was courting sovereign wealth funds to raise roughly $5 billion in equity across its sprawling business empire and reduce leverage, people familiar with the matter said.
 
The network of companies owned by Asia’s richest person Gautam Adani had reached out to top officials at firms including Mubadala Investment and Abu Dhabi Investment Authority, the people said, asking not to be identified as the information is private. Adani’s group was looking to other large investment funds in West Asia as well as in Canada to invest, they said.

The group had even discussed raising as much as

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 23 2022 | 7:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com