According to reports, Gautam Adani is in discussions to raise $500 million through dollar bonds, which would be his company's first international offering since US short seller Hindenburg's shocking revelation last year.
Furthermore, as per a Bloomberg article, Adani Green Energy is in discussions with several foreign banks, including one in the US, about a potential sale. The terms of the transaction, which is anticipated to happen later this year, have not yet been finalized.
The group's bonds and shares plunged after the Hindenburg report was released, indicating that it would have to pay a heavy price to raise money again. After the accusations were made public in January 2023, negotiations to refinance the loan obtained for the acquisition of Ambuja Cements Ltd. and ACC Ltd. came to a standstill; however, Adani was able to successfully close the $3.5 billion funding package later that year.
Over the past year, the vast ports-to-power enterprise has reduced debt, lowered founders' share pledges, and secured significant projects, all of which have contributed to the restoration of investor and lender trust. Losses on its bonds and stocks have been recovered, and the company has secured new equity financing from well-known investors like GQG Partners LLC and Qatar Investment Authority.
