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Banks step up for Adani's Ambuja loan
Mint Mumbai
|October 11, 2023
A group of banks that have been in talks to A lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd have received internal approval for the deal, according to people familiar with the matter.
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The three banks are Barclays Plc, Deutsche Bank AG and Standard Chartered Plc, said the people, asking not to be identified when discussing a private matter.
This story is from the October 11, 2023 edition of Mint Mumbai.
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