HomeFinanceAdani Group Eyeing To Raise $10 Billion For Renewables And Cement Arms

Adani Group Eyeing To Raise $10 Billion For Renewables And Cement Arms

Gautam Adani will soon be raising at least $10 billion from global investors like GIC, Temasek and other private equity fund managers.

“They (Adani Group promoters and top management) were in Singapore last week. Earlier, they separately met West Asian and American investors. Talks are still on. Hopefully, $10 billion should be easy to raise. The only issue is that since the capital raising is through equity sales and most of the Adani firms’ shares are steadily rising, pricing of deals will be critical,” the Livemint report quoted a person aware of the matter as saying.

The capital will reportedly be raised through a sale of stakes. Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the Adani group in the coming days, the report added.

“We will invest over $100 billion of capital in the next decade. We have earmarked 70 per cent of this investment for the energy transition space. We are already the world’s largest solar player and intend to do far more. It is our commitment to investing $70 billion in an integrated hydrogen-based value chain,” Adani said on September 27 in a speech.

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