Adani Group Is Said to Plan to Sell $1.5 Billion of Dollar Bonds.

The Adani Group, led by billionaire Gautam Adani, is reportedly in discussions with global banks to raise $1.5 billion through dollar bond sales. The funds would be used to refinance project debt, and the group aims to complete the sales by the end of February. The bonds would primarily be issued by Adani Green Energy Ltd. and Adani Energy Solutions Ltd., and discussions are ongoing with more than 10 banks in Japan, Europe, and the Middle East. This move comes as the conglomerate seeks to rebuild investor confidence following accusations of fraud and stock manipulation made by a short seller in 2023. [Extracted from the article]