Adani Group to consider privately placed bond offerings for 3 subsidiaries

Indian conglomerate Adani Group is in talks with potential investors as it considers offering privately placed bonds for at least three of its group companies, people familiar with the matter said.

If it moved ahead with any offering and was able to secure investors, it could be the first debt issuance for Adani since shortseller Hindenburg Research alleged fraud and stock manipulation last month, claims that the group has vigorously disputed. 

The plan under consideration, initially broached late last year, is to try to raise a total of as much as $1.5 billion through note sales by Adani Green Energy