Billionaire Adani Borrows Offshore on Lower Rates: India Credit
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Billionaire Gautam Adani’s energy producer and India’s state-run rail operator are making this year the nation’s busiest for foreign-currency borrowing since 2007 as rupee funding costs rise.
Companies from Adani Power Ltd. to Indian Railways Finance Corp. have won approval from regulators to raise $14.3 billion through syndicated loans in the first seven months, compared with $7.6 billion in all of 2009, central bank data show.