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Adani family plans $1bn investment in green unit
![IndiaTimes]()
Thursday, 21 December 2023
Billionaire Gautam Adani and his family plan to inject $1 billion into Adani Green Energy, the group's renewable energy unit. The company aims to issue preferential shares to the founders for expansion and refinancing needs. Adani Group will consider fundraising proposals, including selling shares or convertible securities. Bond maturities worth $1.2 billion are coming up next year, and the company is outlining plans for repayment or refinancing.
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Thursday, 21 December 2023
