AdaniConneX, a joint venture, is in advanced talks for a $900-950M six-year offshore loan from eight banks for data center expansion in India.
AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, is in advanced talks to raise $900-950 million through a six-year offshore loan from eight banks including MUFG Bank, SMBC, and Standard Chartered Bank. The loan agreement is expected to be signed this week. The funds will be used to set up 1 GW of data centre capacity in Hyderabad, Chennai, Noida, and Pune, with an overall goal of raising $5 billion by 2030.
April 21, 2024
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