Adanis to fund Dharavi project via internal accruals, SPV stake sale

Dated on: Saturday 13th January 2024

The Adani group, leading the redevelopment of Dharavi slums, plans to fund the entire project through internal accruals and potential equity sale in the special purpose vehicle (SPV) created for the project. The company recently appointed three firms, including renowned architect Hafeez Contractor, as city planners to present a draft development plan for Asia's largest slum cluster earlier this week.

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