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Gautam Adani needs Rs 3400 crore, took this big decision for the first time after Hindenburg

Gautam Adani (File photo: PTI)

Billionaire industrialist Gautam Adani’s group needs Rs 3400 crore. This is the first time after the Hindenburg Research report that Adani Group has created such demand in the market. The company has taken a big decision for this and is promoting it vigorously.

Actually, Adani Group has released ‘Dollar Note’ for sale for the first time after the Hindenburg report. Adani Group company ‘Adani Green Energy’ and its associate companies have issued an 18-year bond.

You will get this much interest from Adani

Adani Group’s solar energy company ‘Adani Green’ has decided to issue bonds with a maturity of 18 years. The group will initially pay an annual interest of 7.12 percent on this. The company has decided to raise an amount of $ 409 million from these bonds issued in dollars. This amount is approximately Rs 3400 crore in Indian rupees.

Issuing bonds in dollars will help Adani Group to meet its current capital needs. At the same time, a lump sum amount will also be received for making returns in the long term.

When Adani was shaken by Hindenburg

In January last year, American short seller company Hindenburg Research had released a report against Adani Group. In this, Adani Group was accused of manipulating its share price, manipulating accounts etc. This incident completely shook the Adani Group.

Shares of Adani Group had reached the lowest level. At the same time, Gautam Adani was also out of the list of top-20 richest people in the world. However, later after getting help from GQG Partners, the share prices of Adani Group stabilized.

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