India's Adani secures $3 billion credit from sovereign wealth fund - sources
The news of Adani securing fresh credit comes a day after group management told bondholders it expected to prepay or repayThose plans are being unveiled as the group held a fixed-income roadshow this week in Singapore and Hong Kong to shore up investor confidence amid steep share price falls and regulatory probes.
India's banking and markets regulators, as well as the government, have launched inquiries to calm spooked investors. The ports-to-airport conglomerate's management also sought to reassure investors that it has sufficient cash to prepay a lot of debts, including onshore bonds, and it has started doing that already, the source said.
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