Adani Group set to refinance $3.5 billion debt taken for ACC-Ambuja buy

Dated on: Friday 20th October 2023

The Adani Group is on the verge of finalizing an agreement to refinance $3.5 billion in loans used for the acquisition of ACC Ltd and Ambuja Cement last year. A consortium led by Barclays, Deutsche Bank, Standard Chartered, and supported by 18 global banks, is facilitating the debt refinancing for what was the largest M&A deal in India's building materials industry.