The Gautam Adani-led conglomerate looking to raise an offshore loan of $600 million to refinance its debt.
According to a Bloomberg report, the group is discussing transaction with lenders including Credit Agricole, BNP Paribas, Mitsubishi UFJ Financial Group Inc., DBS Bank Ltd., and Mizuho Bank Ltd. and the tenure of the debt could range from three to five years.
The borrowing is expected to be concluded in the next few months.
The conglomerate is yet to issue a statement on the loan.
Adani Group has been trying to win over investor confidence ever since the Hindenburg Research report that accused the conglomerate of manipulation of stock prices and money laundering.
