Indian billionaire Gautam Adani and his family are in early discussions with investors, including Singapore investment firms Temasek and GIC, to raise at least $10bn to fund its expansion into clean energy, ports and cement businesses.
Adani Group will invest more than $100bn over the next decade, most of it in the energy transition business, its Chairman Adani said last month, as the ports-to-energy conglomerate accelerates an already aggressive expansion plan.
Singapore’s sovereign wealth fund GIC and Adani Group did not immediately respond to requests for comment from Reuters. Temasek said it does not comment on market speculation and rumors.
Read more: Reuters
