Adani Group Pursues First Loan Of $220 Million Post Hindenburg Report

Adani group's joint venture is currently in discussion with nearly six banks for a loan of $220 million, as reported by Bloomberg News.

The loan would be its first since the release of Hindenburg's harmful report on it earlier this year.

AdaniConneX, a joint venture with EdgeConneX, is said to be planning to use funds for capital expenditure.

The Hindenburg report on 24 January caused Adani group of companies' shares to drop over $100 billion and compelled them to revise some of their ambitious expansion strategies.

Also Read: Why The Adani Endgame May Not Be The Disaster His Enemies Wish For