Adani Met Pimco, BlackRock for Potential Private Bond Placement
- Group is aiming to raise up to $1 billion over two tranches
- Conglomerate has sought to reassure investors over finances
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Adani Group executives met US investors, including from BlackRock Inc., Blackstone Inc. and Pacific Investment Management Co., as part of its plans to market privately placed bonds for some of its group companies, according to people familiar with the matter.
The conglomerate led by billionaire Gautam Adani is aiming to raise up to $1 billion in two tranches this year via such a route, said the people, who declined to be named as they were not authorized to speak about it.