Adani met Pimco and BlackRock for potential private bond placement in Bengaluru

Reuters/REUTERS

The company aims to raise up to $1 billion in two tranches this year through this route, the report said citing sources

Shivani Tanna, Reuters News

March 30, 2023

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Adani Group executives met U.S. investors from BlackRock Inc, Blackstone Inc and Pacific Investment Management in order to market privately placed bonds, Bloomberg News reported on Wednesday.

The company aims to raise up to $1 billion in two tranches this year through this route, the report said citing sources.

Adani Group declined to comment on the report.

(Reporting by Shivani Tanna in Bengaluru; Editing by Krishna Chandra Eluri)

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