Adani Lenders Weigh Up to $750 Million Loan for Ambuja Debt
- Barclays, Deutsche and Standard Chartered are in talks to lend
- Loan would part of broader refinancing of debt for Ambuja buy
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Barclays Plc, Deutsche Bank AG and Standard Chartered Plc are in talks to lend between $600 million and $750 million collectively to Adani Group, as part of discussions to refinance the debt taken to fund its purchase Ambuja Cements Ltd., according to people familiar with the matter.
The loan would be syndicated, said the people, who asked not be named as the matter is private. Indian billionaire Gautam Adani’s conglomerate is also in discussions with other lenders, as it seeks to refinance as much as $3.8 billion of a loan facility taken for its Ambuja acquisition.