Adani Energy to raise $500 million through private placement of bonds

Adani Energy Solutions, formerly Adani Transmission, is planning to raise around $400 million-$500 million through a private placement of bonds. The fundraising will involve a private placement of Regulation-D notes, a provision that exempts certain companies from registration requirements associated with public offerings of securities, with infrastructure assets serving as collateral. This will mark the second dollar-bond offering by an Adani Group company in 2024. The firm is in talks with US institutional investors for the funds.