Adani Told Creditors It Got $3B Loan From Sovereign Fund: Rtrs

Adani Group told creditors it has secured a $3 billion loan from a sovereign wealth fund, Reuters reported citing unidentified sources.

(Bloomberg) — Adani Group told creditors it has secured a $3 billion loan from a sovereign wealth fund, Reuters reported citing unidentified sources.

The credit line could be increased to $5 billion, according to the report, whose sources cited a memo circulated to participants at a three-day roadshow that ended Wednesday.

A representative for the Adani Group didn’t immediately reply to a request from Reuters.

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