Adani Lenders Consider 750 Million Loan For Ambuja Debt

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Adani lenders consider $750 million loan for Ambuja debt

ri-calendar-2-lineJul 28, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Barclays Plc, Deutsche Bank AG, and Standard Chartered Plc are currently in discussions to collectively lend the Adani Group between $600 million and $750 million. The purpose of this loan is to refinance the debt that was initially taken to finance the acquisition of Ambuja Cements Ltd.

The loan would be syndicated, and Adani Group is also in talks with other lenders to refinance up to $3.8 billion of the loan facility used for the Ambuja acquisition. The final loan amount of up to $750 million, if agreed upon, will be part of this broader refinancing plan. However, it's worth noting that the discussions have not yet been finalized, and the loan amounts may still change.

The Adani conglomerate has witnessed an improvement in its debt metrics, which has enabled it to resume fundraising activities. In recent instances, AdaniConneX raised $213 million through the issuance of senior debt in June, and flagship Adani Enterprises Ltd. generated 12.5 billion rupees by selling local currency bonds earlier this month.

The conglomerate's acquisition of Holcim Ltd.'s Indian cement assets last year solidified its position as the country's second-largest cement producer. To finance that particular deal, bridge loans maturing in 2023 and 2024 were secured through Mauritius-domiciled Endeavour Trade & Investment, which is the Adani Group entity responsible for acquiring Holcim's cement business.

Content source: Media reports

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions