Bloomberg shows that the Adani Group has raise 275 million dollars (about 2500 crore rupees) from global companies. The company plans to raise capital and make the investments in different areas by taking big loan.
Why Adani group take Rs 24000000000 loan
According to a Bloomberg report, Adani Airport Holdings Limited has acquired a total of $ 150 million, obtained from a group of banks and financial institutions, including Barclays PLC, DBS Bank Limited, First Abu Dhabi Bank, and Mitsubishi UFJ Financial Group. The details were provided by sources who asked not to identified due to the confidential nature of the information.
Adani Ports and Special Economic Zone Limited also achieved $ 125 million through a bilateral deal with Mitsubishi UFJ Financial Group, said.
Total money borrowed from global companies
Investor Vishwas re-awakened in the Adani group, as it plans to raise additional capital for many of its businesses. In the last six months, the group has been able to raise more than $ 10 billion in credits, representing around one-third of the total loan. This increased availability of credit was one of the reasons that the S&P Global Ratings allegedly began to see three Adani units positively.
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