Adani Group looks to refinance debt of $3.5 billion,

Adani Group intends to refinance loans totaling up to $3.8 billion; Adani is anticipated to pay back at least $300 million of the first Ambuja facility.

GQG Partners subsequently bought an 8.1 per cent stake in India's Adani Power for $1.1 billion via block deals on August 16. — *Adani Group seeks to restructure its debt with Ambuja Cements.*

Reportedly, Adani Group is in discussions to restructure a loan it took out to pay for the acquisition of Ambuja Cements. One of Asia’s largest syndicated loans this year, totaling $3.5 billion, is said to have been distributed among the lenders into three categories.

Adani is anticipated to return at least $300 million on the initial Ambuja facility, according to sources in the know, according to Bloomberg, which covered this event.

DBS Group Holdings, First Abu Dhabi Bank, Mizuho Financial Group, Mitsubishi UFJ Financial Group, and Sumitomo Mitsui Banking Corp. would each provide about $400 million, according to the article, while other banks would finance smaller banks.

Adani Enterprises Ltd, Adani Ports, Adani Green Energy Ltd, Adani Transmission Ltd, and Ambuja Cements are the five Adani stocks in which it has a combined stake, and their combined market value is now close to Rs 26,000 crore.

Subsequently, on August 16, GQG Partners paid $1.1 billion in block agreements for an 8.1% share in India’s Adani Power. On August 17, it increased its holding in Adani Ports And Special Economic Zone Ltd. to 5.03 percent.