Adani raises $2.5bn to refinance Ambuja ACC debt

GreyOak summary

Adani Group secured a $2.5 billion loan facility from MUFG, Barclays, and Sumitomo to refinance debt from its 2022 acquisition of Ambuja Cements and ACC. This follows the resolution of US legal proceedings involving the group. Ambuja Cements plans to expand capacity to 155 million tonnes by FY30, though recent quarterly EBITDA fell to Rs 1,271 crore due to cost pressures.