Adani Green gets $250 mn in first offshore loan since probe

ADANI GREEN ENERGY, controlled by billionaire Gautam Adani, signed a deal to raise around $250 million from a group of global lenders, according to people familiar with the matter, in what would be the unit’s first foreign currency loan since an indictment by the US Department of Justice.

- SAIKAT DAS

A group of four banks — DBS Bank, DZ Bank, Rabobank and Bank SinoPac Co — agreed to extend the credit, proceeds of which will be used to refinance an existing debt, said the people who asked not to be identified.