A representative of Adani Group declined to comment.
Adani Green Energy is in talks with a group of foreign lenders to borrow as much as US$1.8 billion ($2.45 billion), adding to evidence of recovering investor interest in Indian billionaire Gautam Adani’s conglomerate after a short seller’s scathing attack earlier this year.
The loan proceeds would be used to build new capacity in solar and wind projects, according to people familiar with the matter. The banks involved include Barclays Plc, BNP Paribas SA, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Rabobank and Standard Chartered Plc, said the people, who asked not to be named because the matter is private.
