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Asia’s Richest Man Adani Plans Flagship Firm’s First Retail Bond

  • Care rates Adani Enterprises’ planned public bond sale A+
  • CreditSights has raised concerns regarding Adani Group’s debt
Gautam Adani

Gautam Adani

Photographer: Edwin Koo/Bloomberg

The flagship company of Asia’s richest person Gautam Adani is planning a maiden bond sale to individual investors, after the coal-to-ports conglomerate expanded in the past few years into everything from data centers to cement, media and alumina.  

Adani Enterprises Ltd. has proposed a 10-billion-rupee ($121 million) public sale of bonds, according to a statement from Care Ratings, which assigned the potential issuance an A+ score.