Adani Family Seeks $10B for Clean Power, Ports Expansion
Gautam Adani and his family are in early talks to secure at least $10 billion from investors such as Singapore's Temasek and GIC. The funds will support Adani Group's expansion into clean power, ports, and republic services.
The Adani family, along with French energy giant TotalEnergies, which holds a 20% stake in Adani Green Energy, is involved in these discussions. The capital will be raised in stages, possibly through the sale of stakes in group companies or associated entities.
Adani Group plans to invest over $100 billion in the coming years, focusing on energy transition services. Talks have been held with potential investors from the West and America, including Adani relatives and executives.
The $10 billion investment, if successful, will bolster Adani Group's expansion into clean power, ports, and republic services. This move aligns with the group's ambitious plans to invest over $100 billion in the next few years.
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