Adani Group Warned of being Deeply Overleveraged by CreditSights as Dollar Bonds Weaken

Adani Power to Buy DB Power for $879mn

India’s Adani Power has agreed to acquire DB Power at enterprise value of INR 70.2bn ($879mn). DP Power owns and operates a running 2×600 MW thermal power plant at Chhattisgarh state. The transaction will be paid for by a cash consideration. DB Power has long and...
Renew Power Secures $1bn Loan

Renew Power Secures $1bn Loan

India’s ReNew Power has got a $1bn consortium loan from 12 global lenders led by Netherland’s Rabobank.  The loan is India’s largest external commercial borrowing (ECB) for a single project in the renewable sector and will be used for its hybrid Round-the-Clock (RTC)...
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