Adani Energy has raised $500 million in bilateral debt financing from Apollo Global Management, marking a significant step in its expansion strategy. The funding is expected to support the company’s renewable energy and infrastructure projects across India.
- Adani Energy raised $500 million in bilateral debt from Apollo Global Management
- Funding to support renewable energy and grid infrastructure projects
- Loan tenor: seven years, with fixed interest rates and milestone-based disbursements
- ADANIENT.NS and ADANIGREEN.NS shares rose 2.4% and 3.1% respectively post-announcement
- INDIAETF.NS increased by 1.7%, reflecting broader market sentiment
- Supports Adani Energy’s target of 50 GW renewable capacity by 2030
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