Adani Energy in initial talks for up to $500m dollar bond issue

Adani Energy in initial talks for up to $500m dollar bond issue

FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

India’s Adani Energy Solutions is planning to raise around $400-500 million through a private placement of bonds for which it is in early talks with U.S. institutional investors, a company source and a banker aware of the plan said.