Adani in talks with banks to refinance debt taken on to fund Ambuja Cements purchase
Adani Group is in discussions with banks to refinance debt taken on for the acquisition of Ambuja Cements Ltd. The total amount to be refinanced is expected to be $3.5 billion. Adani would repay at least $300 million on the original Ambuja facility. DBS Group, First Abu Dhabi Bank, Mizuho Financial Group are among the banks that would lend money.