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Adani Enterprises arm raises $394 million from Barclays, Deutsche Bank

Adani New Industries, an arm of Adani Enterprises, on Thursday raised USD 394 million (Rs 3,231 crore) from Barclays PLC and Deutsche Bank AG

Gautam Adani, Adani

Adani Enterprises is the flagship company of the Adani Group.

Press Trust of India New Delhi

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Adani New Industries, an arm of Adani Enterprises, on Thursday raised USD 394 million (Rs 3,231 crore) from Barclays PLC and Deutsche Bank AG.
The proceeds will be used to secure working capital requirements of its integrated solar module manufacturing facility, Adani Enterprises Ltd said in a regulatory statement on Thursday.
"Adani New Industries Limited (ANIL) ecosystem today (Thursday) raised a trade finance facility of USD 394 million from Barclays PLC and Deutsche Bank AG," it said.
ANIL, a wholly-owned subsidiary of Adani Enterprises, is building an ecosystem of one of the largest integrated green hydrogen businesses, including solar modules and wind turbine manufacturing, it said.
Adani Enterprises is the flagship company of the Adani Group.  
 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jul 27 2023 | 10:39 PM IST

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