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Adani Group is engaged in talks with sovereign funds for funding up to $2.6bn for expansion of its airport infrastructure and green hydrogen projects. The timeline for these projects is expected to be available by mid-2024. According to sources, Adani Enterprises is considering diluting its stake in either its airport-holding firm or the green hydrogen business as part of the funding strategy to accommodate the participation of these sovereign funds. The company has already launched a series of roadshows where it briefed the investors of its future plans.
Adani’s dollar bonds were stable with its 3.375% 2024s at 98.7 cents on the dollar, yielding 6.38%
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