2023-10-09 23:43:58

Billionaire Adani in Talks With Temasek, Funds to Raise $10 Billion, Mint Reports

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Bloomberg
By Peter Vercoe

Indian billionaire Gautam Adani and his family are in early talks with investors including Singapore’s sovereign wealth fund GIC Pte and Temasek Holdings Pte to raise at least $10 billion to fund the group’s expansion in clean energy and ports, Mint reported.

Adani is also talking to other wealth funds and private equity firms about the fundraising, Mint said, citing two people with direct knowledge of the matter. The funds are expected to be raised in multiple tranches, including through the sale of stakes in Adani Group firms, one of the people said.

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