Adani JV in talks for first loan since Hindenburg

New Delhi, April 4 A joint venture of Adani Group is in talks for a loan of about $220 million, which will be its first since short-seller Hindenburg released a damaging report on it this year, Bloomberg News reported on...

Tribune Web Desk

Updated At : 12:55 PM Apr 05, 2023 IST

New Delhi, April 4

A joint venture of Adani Group is in talks for a loan of about $220 million, which will be its first since short-seller Hindenburg released a damaging report on it this year, Bloomberg News reported on Tuesday.

Data centre provider AdaniConneX, a JV with Virginia-based EdgeConneX, will use the money for capital expenditure, with a five-year tenor under discussion, the news agency reported citing people familiar with the matter. The loan may be signed in the next few weeks, it added. — Reuters