Private Equity

Private Equity Fund Investments

Adani Enterprises in talks with global funds to raise $2-B

Economic Times  

Ahmedabad-based, publicly listed Adani Enterprises, the flagship entity of the Adani Group, is in talks with at least half-a-dozen sovereign and global pension funds and energy majors, such as the Abu Dhabi Investment Authority (ADIA), the Qatar Investment Authority (QIA), a BNP Paribas arm and TotalEnergies SE, to raise up to USD 2 billion in equity. Other potential investors include international energy infra operator SNAM, the Ontario Teachers' Pension Plan and Apollo Global. The proposed fundraising is part of the Adani Group's broader plan to make Adani Enterprises a ‘sustainable' energy major while decarbonising transportation and industrial sectors and help achieve India's green objectives.