March 28, 2024
Funds

Adani Group in talks with West Asian sovereign funds to raise $2.6 billion for airport, green hydrogen business

The Adani Group, an Indian conglomerate, is reportedly in advanced talks with sovereign funds in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The Adani Group is aiming for an EBITDA (earnings before interest, tax, depreciation, and amortisation) of ₹80,000 crore by March 2024, has conducted roadshows

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