Indian billionaire entrepreneur Gautam Adani said to be in talks to raise $10b

Indian billionaire entrepreneur Gautam Adani said to be in talks to raise $10b

FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

Indian billionaire entrepreneur Gautam Adani and his family have initiated talks with top global private equity (PE) investors and wealth funds as they look to raise at least $10 billion in capital to facilitate the Adani Group’s massive expansion plans in areas of clean energy, ports and cement, per a Mint report.

The multinational company, headquartered in Ahmedabad, has held discussions with Singapore’s state-owned investment firm Temasek and sovereign wealth fund GIC, besides a slew of West Asian and American investors, the report added, citing two people with direct knowledge of the matter.

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