Gautam Adani owned-Adani Energy Solutions is working to secure $500 million in foreign-currency debt by early 2026, as per a Bloomberg report. The aim is to fuel its infrastructure investments, Bloomberg cited people familiar with the matter.
The company’s energy transmission unit is exploring different fundraising options, including Regulation D bonds. These securities are a US framework that enables businesses to sell securities privately to investors, exempting them from the full public registration process. The total fundraising could reach up to $750 million, said the media agency citing people familiar with the matter. They also added that Adani Energy has started the documentation process for the same and is in talks with global financial institutions.
The company aims to reduce the cost of capital and support investment, as it works up on its transmission buildout, the report added. Currently, Adani Energy has Rs 60,000 crore worth of transmission projects under construction.
Reason behind Adani’s fund raising
The Adani Group is pursuing fundraising initiatives as part of a renewed growth strategy, following periods of scrutiny including fraud allegations by Hindenburg Research in 2023 and a bribery investigation by the US Department of Justice in 2024. Bank of America Securities recently began overweight coverage on select bonds, including Adani Energy Solutions’ 2036 note, citing steady operating profit growth, expanding capacity, and a moderating debt profile.
Earlier this year, the Adani Group raised about $750 million through an offshore private placement bond, with BlackRock subscribing to nearly one-third of the issue. Adani Group sought the proceeds to finalise the acquisition of a construction firm, the report added.
On November 24 and 25, executives from both Adani Energy Solutions and BlackRock are scheduled to meet credit investors, banks, and bond-rating agencies in Singapore, sources familiar with the matter told Bloomberg on November 12.
Share price
The share price of Adani Energy Solutions closed 2% higher at Rs 1,022.95 on November 13. Over the past five trading sessions, the company’s stock has delivered a return of 7%.
