Adani Group Plans $2.5 Billion Offshore Loan To Refinance Cement Acquisition Deb

Adani Group is planning to raise $2.5 billion from global lenders to refinance debt linked to its acquisition of Ambuja Cements and ACC. The proposed fundraising could become India’s biggest offshore loan of the year, with separate loans planned through Adani’s Mauritius-based entity and Adani Infra. Global banks including DBS, MUFG, SMBC and Standard Chartered are reportedly in discussions for the financing. Chakri Lokapriya, Managing Partner, RSB LLP, says the Adani Group is now well placed, with improving debt coverage ratios and stronger sum-of-the-parts valuations. He remains positive on Adani Enterprises and Adani Ports amid the group’s expansion plans.