Of the 38 geological reports handed over by Geological Survey of India to the Jharkhand government, only five have been utilised for auction so far. The mines ministry has asked the Jharkhand government to put on sale 10 mineral blocks, including a gold mine, and warned that if the state failed to do so, the […]
A group of banks that have been in talks to lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter. The
Adani’s $3.5 bl Ambuja loan moves ahead after some banks get approval – ET Infra Read More »
NEW DELHI: Adani group-owned entity Ambuja Cements‘ open offer to acquire 26 per cent equity from the public shareholders of Gujarat-based cement maker Sanghi Industries would commence from September 29, according to a document. Ambuja Cements Ltd (ACL) would buy 26 per cent equity shares of Rs 10 each of Sanghi Industries from its public
Ambuja Cements’ open offer for Sanghi Industries from September 29 – ET Infra Read More »
Indian billionaire Gautam Adani’s conglomerate took a group of local bond arrangers on a site visit last week, people familiar with the matter said, after gearing up to sell up to Rs 150 billion ($1.8 billion) worth of debt amid lingering concerns about its corporate governance. The Adani Group flew the bankers to Mundra in
Adani group takes bond brokers on Gujarat trip to instill confidence – ET Infra Read More »
Representative Image MUMBAI: Indian billionaire Gautam Adani’s Ambuja Cements Ltd will buy a majority stake in Sanghi Industries Ltd as the tycoon’s ports-to-power conglomerate looks to expand cement operations across the South Asian nation, according to people familiar with the matter. The acquisition by Ambuja is likely to be announced as soon as Wednesday, two
Adani to buy cement firm Sanghi in first major deal post-Hindenburg – ET Infra Read More »
Billionaire Gautam Adani’s conglomerate plans to tap India’s bond market to raise up to Rs 150 billion ($1.8 billion) this financial year as it gears up local-currency debt sales since damaging allegations were made by a short seller earlier this year, according to people familiar with the matter. The notes would likely be sold in
Adani group in talks to raise $1.8 billion from India bond sales – ET Infra Read More »
Barclays Plc, Deutsche Bank AG and Standard Chartered Plc are in talks to lend between $600 million and $750 million collectively to Adani Group, as part of discussions to refinance the debt taken to fund its purchase Ambuja Cements Ltd., according to people familiar with the matter. The loan would be syndicated, said the people,
Adani lenders weigh up to $750 million loan for Ambuja debt – ET Infra Read More »
Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter. The ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original
Adani in talks for first major debt refinancing after Hindenburg – ET Infra Read More »
Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter. The ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original
Adani in talks for first major debt refinancing after Hindenburg – ET Infra Read More »
