Reported about 23 hours ago
Adani Green Energy Ltd., led by billionaire Gautam Adani, is negotiating with local lenders to convert up to $1.1 billion of its dollar-denominated debt into rupees, following increased scrutiny from the U.S. Department of Justice. This move comes after the company faced challenges raising funds internationally and the shares experienced a significant drop since the legal issues emerged. The refinancing discussions aim to settle obligations due by the end of March.
Source: YAHOO