Why did banks line up to give loans to Adani? | Gautam Adani | Adani Shares- Watch Video

Due to the recovery in share prices, banks are now queuing up to give loans to Adani Group. The number of banks giving loans to the group has increased from 18 to 25. Another big news has come out on Thursday. Adani Group is planning to raise around $800 million (around Rs 6500 crore) for its new green energy projects. People associated with the case have given this information. This could be the biggest debt of the Adani Group after the Hindenburg Report. The Gautam Adani-led group is in talks with several banks for this loan.

Adani Group is taking this loan for new green energy projects. According to sources, the group is in talks with world's leading banks for this loan. These banks include DBS Bank Limited, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Financial Group and Standard Chartered. This loan can be of 700 to 800 million dollars. However, the size of the loan has not been finalized yet. It may be more or less.