- India,
- 23-May-2025 06:30 AM IST
Gautam Adani News: Adani Ports and Special Economic Zone Limited (Adani Ports and SEZ Ltd.), the flagship company of the country's second richest industrialist Gautam Adani, has recently secured a loan of $150 million (about Rs 1290 crore) from Singapore-based DBS Group Holding Limited. According to the Economic Times report, this loan will be used for the company's capital expenditure, which is expected to expand its infrastructure and operational capabilities.4 year term, 5.5% total costAccording to the information, this loan is for a period of four years and has been issued at a benchmark secured overnight financing rate (SOFR) of 200 points. A source said on condition of anonymity that the total cost of this loan comes to about 5.5% when hedging costs are added. However, both DBS Group and Adani Group have refused to make any official comment on this financial transaction.Adani Group is reinforcing investor confidenceIn the last few years, Adani Group companies have taken several steps to reinvigorate their confidence among international investors and lenders. After the allegations of alleged bribery in November 2024, the group is once again creating a positive image among financial institutions. In this sequence, last month Adani Group also took a big loan of $ 750 million (about Rs 6447 crore) for the acquisition of a construction firm.Apart from this, Adani Group is now in talks with Barclays PLC, First Abu Dhabi Bank PJSC, and Standard Chartered Bank for the expansion of its airport operating company, the estimated amount of which is also said to be Rs 6447 crore.Ambani loan: Biggest deal of the yearWhile Adani Group is focusing on its strategic expansion, Reliance Industries chief Mukesh Ambani has signed the biggest ever foreign loan agreement in 2025. This loan of $2.9 billion (about Rs 25,000 crore) has been given by a syndicate of 55 banks, which is believed to be the largest syndicated loan this year in Asia.This agreement has been divided into two parts - the first part is of $2.4 billion and the second is of 67.7 billion Japanese Yen (about $462 million). The deal was finalized on May 9.Taking loans: strategy or necessity?These loans being taken by big industrialists in the Indian corporate sector make it clear that whether it is Adani or Ambani - both groups are making aggressive capital investments for strategic expansion and to survive in global competition. This trend indicates major changes and investment possibilities in the infrastructure, energy and transport sectors of the Indian economy.
