AdaniConneX secures $900-950 million loan from MUFG Bank for 1 GW data centre expansion in multiple Indian cities. The loan, with an interest rate above SOFR, aims to support Adani Group s venture into the data centre business.
AdaniConneX secures $900-950 million loan from MUFG Bank for 1 GW data centre expansion in multiple Indian cities. The loan, with an interest rate above SOFR, aims to support Adani Group s venture into the data centre business.
This will be the first overseas fund raising by the group after the Hindenburg report in January last year which led to a big slide in the conglomerate’s market cap. However, the group has recovered from its impact over the past few months
Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani s conglomerate, plans to raise USD 409 million through US dollar-denominated bonds to repay a debt obligation falling this year.