To win the trust of investors, Adani Group launched a new bet, what will be achieved from the road show?
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Adani Group is increasing its outreach to bond investors. amid speculation that the company is reviving plans to raise up to $1.5 billion through a private placement of bonds. Bloomberg and Reuters reports said the group will hold a fixed income roadshow next week in Asia to boost investor confidence.
Hindenburg Research’s report had such a tremendous impact on Gautam Adani’s wealth that within a month, Gautam Adani has fallen from the third position to the 33rd position. The Adani-Hindenburg affair has not only affected the company but has also dented investor confidence in the Adani Group. To reassure investors, the Gautam Adani-led group plans to hold a fixed income roadshow next week.
Adani Group is increasing its outreach to bond investors. amid speculation that the company is reviving plans to raise up to $1.5 billion through a private placement of bonds. Bloomberg and Reuters reports said the group will hold a fixed income roadshow next week in Asia to boost investor confidence. Group Chief Financial Officer Jugshinder Singh is likely to attend the events.
The roadshow will take place in Singapore on February 27, followed by meetings in Hong Kong on February 28 and March 1. Sources said the events may be held to reassure investors following the allegations leveled against Adani by American short seller Hindenburg. However, it is not clear whether the roadshow is to gauge investor mood ahead of the fresh float for debt reduction and expansion plans of the group.
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