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.