In a flurry of deals, Adani mobilizes $10 bn in a week for capex boost
New Delhi, July 7 -- Barely two months after settling its major legal disputes in the US, the Adani Group has lined up nearly $10 billion in fresh capital and strategic investment commitments in the span of a week, providing early funding for the conglomerate's planned $100 billion investment programme through 2030.
The Gautam Adani-led group's fund mobilization spans equity raises, stake sales and long-term commitments from strategic partners, including global investors and sovereign-backed entities. The flurry of deals marks one of the largest capital-raising exercises by an Indian conglomerate in recent years and comes as the group accelerates investments across infrastructure, energy and manufacturing.
The fund mobilization includes...
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