The Supreme Court today directed the Securities and Exchange Board of India (Sebi) to complete its probe into the remaining two cases of alleged violations by the Adani companies within three months. The Hindenburg allegations and relentless badgering from various opposition parties had rendered Adani an untouchable in the world of finance. In total, the Adani Group raised over $5 billion in equity and a double of that in debt in the past year, PTI has reported. Adani Green Energy and Adani Transmission may tap the overseas bond market and issue Regulation-S and Regulation-D bonds in 2024. Adani Green Energy will need to raise $350 million of notes to refinance existing debt that will mature in December 2024, Singh said.

Source: Economic Times January 04, 2024 01:13 UTC