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Adani Group looks to de-risk its borrowings with public bond issues in India | Mint

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Adani Group looks to de-risk its borrowings with public bond issues in India | Mint

Indian conglomerate, Adani Group, plans to diversify its borrowing matrix with the upcoming public issue of non-convertible debentures by Adani Enterprises. The โ‚น800 crore issue is Adani Group's first public bond issue and aims to test and develop a domestic debt capital market for corporates. The allocation for the issue indicates a focus on individual investors over institutions. Adani Group's debt profile has evolved, with a decrease in exposure to public sector banks and an increase in exposure to international banks and bond issuances. The group aims to tap into unmonetized domestic capital, emphasizing the importance of investing in India's infrastructure for Indians.

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