Adani Group to raise $2.5bn in major offshore refinancing deal

The Adani Group is pursuing a significant refinancing exercise through Endeavour Trade and Investment Ltd., a special purpose vehicle registered in Mauritius and owned by the Adani family, according to sources familiar with the matter. The refinancing plan targets a total of $2.5 billion, marking one of India's largest offshore loan operations this financial year.

As part of the funding strategy, Endeavour Trade and Investment aims to secure $1.5 billion through a bridge loan facility. The bridge loan is structured with a flexible tenor ranging from 18 to 24 months, providing the company with interim financing while longer-term arrangements are finalized.

The refinancing initiative reflects the Adani Group's strategy to optimize its debt structure and secure competitive financing terms in global capital markets. The use of a Mauritius-based SPV is a common practice among Indian corporations seeking to access international financing while managing tax efficiency and regulatory compliance.

The refinancing exercise comes as major Indian conglomerates continue to tap offshore debt markets to fund expansion and operational requirements. The successful completion of the Adani facility would underscore sustained investor confidence in major Indian business groups despite recent scrutiny and regulatory developments.